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DAAR Communications Grows Profit After Tax By 106.9% To N36M - Business - Nairaland

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DAAR Communications Grows Profit After Tax By 106.9% To N36M by BrandSpurNG: 10:51am On Jul 27, 2021
Daar Communications Plc, a broadcasting company in Nigeria that develops, produces and markets television and radio entertainment and news programmes for markets in Africa and the United Kingdom, released its Q2 2021 unaudited results for the period ended June 30th, 2021.
Analysis carried out by the Brand Spur Data Team revealed that the broadcasting company’s revenue grew by 30% to N1.91bn from N1.5bn in the previous quarter. In terms of profit, Daar Communications recorded the following:

Profit before tax stood at N36m.
Profit after tax stood at N36m, representing a 106.9% increase year on year.
Total assets for the period stands at N14.55 billion while the cost of sales grew by 3.6% to N1.08 billion. The company’s administrative expenses dropped by 13.4% to N743.7 million.

12th Annual General Meeting
The 12th Annual General Meeting of DAAR Communications Plc will be held on Monday, August 24, 2020, at the Company’s Corporate Headquarters, No. 1 Ladi Lawal, off Gen. T.Y. Danjuma Street, Kpaduma Hill, Asokoro Abuja, Federal Capital Territory (FCT) at 11:00 am.

SOURCE:https://brandspurng.com/2021/07/27/daar-communications-profit-after-tax/

Re: DAAR Communications Grows Profit After Tax By 106.9% To N36M by Elliotwaveforec: 11:25am On Jul 27, 2021
Yeye company, I don forget say I get shares there self. In their prospectus, they promised heaven and earth, took investors' money with nothing in return. N5.50k per share if I'm correct and he Dokpesi) still retains 70% holdings, becoming an instant billionaire from a sinking company, through the overpriced IPO

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