₦airaland Forum

SonofElElyonRet:
daar shares price rise .. strange
Tech | Business | Economy

Home Economy Finance
DAAR Communications Records N2.3bn Deficit in 2024 FY
by Latifat Fashina April 4, 2025
Raymond Dokpesi Jnr, chairperson of DAAR Communications
Raymond Dokpesi Jnr, chairperson of DAAR Communications
Raymond Dokpesi Jnr, chairperson of DAAR Communications

UBA
Advertisements
DAAR Communications Plc, the parent company of Africa Independent Television (AIT) and Raypower FM, has announced a post-tax deficit of N2.3 billion for the 2024 financial year.

Revealed in its 2024 financial statement, the company experienced a challenging year, with declines in key financial indicators despite a surge in revenue. Revenue increased by 16.4% to N5.3 billion, up from N4.5 billion in 2023.

However, the company reported larger losses compared to 2023, with its after-tax deficit growing from N1.6 billion in 2023 to N2.3 billion in 2024.

Loss before tax surged by 46.6%, reaching N2.3 billion, up from N1.6 billion in 2023. Gross profit declined by 9.5%, falling to N1.4 billion from N1.6 billion in 2023. Finance costs also increased by 23%, rising to N12.7 million from N10.4 million.

Again, total assets dropped by 11%, falling to N27.5 billion from N30.9 billion, while total liabilities were reduced by 13.6%, from N13.1 billion to N11.3 billion.

Television remained the largest revenue contributor, bringing in N4.6 billion, or 87.6% of the total revenue. The Radio and DNS Service segments contributed N389.3 million (7.4%) and N261.3 million (4.98%), respectively.

The company’s financial statement reveals disturbing statistics regarding its ability to remain in business. As of December 2024, DAAR Communications had accrued statutory charges, including Pension, PAYE, and VAT, totalling over N4.86 billion.

Added to this, liabilities for accrued staff salaries and terminal benefits for exited staff stood at N2.24 billion

SmartInsure:
NGX Fear & Greed Index: Extreme Greed
The NGX Fear & Greed Index has surged to 80 as of today,flashing Extreme Greed,a potential warning sign for overoptimism in the market. While it can fuel short-term gains,it raises the odds of a correction. Prudent risk management is vital
https://x.com/naijaticker

nosa2:
Markets dont correct when people expect. Having said that, valuations are getting a bit rich.

megawealth01:

SmartInsure:
NGX Fear & Greed Index: Extreme Greed
The NGX Fear & Greed Index has surged to 80 as of today,flashing Extreme Greed,a potential warning sign for overoptimism in the market. While it can fuel short-term gains,it raises the odds of a correction. Prudent risk management is vital
https://x.com/naijaticker

austinkenneth:
Some of us are trapped in Seplat. No movement, while other stocks gained 50%.

We need help. More than 500m worth single trade is required for movement.

From whence cometh our help?

Agbalowomeri:
This is where you need experience
This extreme greed is a similar metric to oversold. It can be there for the next two years while you sell and run away and stocks may still double further down

Agbalowomeri:
This is where you need experience
This extreme greed is a similar metric to oversold. It can be there for the next two years while you sell and run away and stocks may still double further down

Agbalowomeri:
This is where you need experience
This extreme greed is a similar metric to oversold. It can be there for the next two years while you sell and run away and stocks may still double further down

Mankind2024:
Copied!!!
I dedicate this off-topic discussion to AGBALOWOMERI for his wisdom in trading and insightful perspectives on women.

MEN DO NOT BENEFIT FROM MARRIAGE!!!

1. He is 72 years old.

2. He has retired from active service.

3. He worked all his life to raise his children.

4. He deprived himself of life's pleasures to pay for expensive school fees and living expenses for his children abroad.

5. They are now well-off in Europe, Australia, and America.

6. His wife, aged 62, has relocated to live with their children.

7. He remains alone back in Nigeria.

8. His children barely call him.

9. He has to start life all over again as a bachelor.

10. He struggles with high blood pressure and other ailments associated with old age.

11. How much longer will he survive alone?

12. This is the reality for most working-class monogamous men in NIGERIA: their old age is often lonely and, in many cases, sad.

13. No matter how good the man is, women tend to love their children more than their husbands. The older he gets, the less use they seem to have for him.

14. So, what do men truly benefit from marriage?

15. They sacrifice so much but receive little recognition for their hard work, while the woman seems to reap all the benefits.

It’s a man’s world they said but for the women and children in reality.

Dear men, this could be your situation in the next few decades. What are you doing about it? What is your retirement plan? Care for your self as much as you fend for your family. Love yourself. God bless you.

#naijahotstreetjamzpromoters

SonofElElyonRet:
daar shares price rise .. strange
Tech | Business | Economy

Home Economy Finance
DAAR Communications Records N2.3bn Deficit in 2024 FY
by Latifat Fashina April 4, 2025
Raymond Dokpesi Jnr, chairperson of DAAR Communications
Raymond Dokpesi Jnr, chairperson of DAAR Communications
Raymond Dokpesi Jnr, chairperson of DAAR Communications

UBA
Advertisements
DAAR Communications Plc, the parent company of Africa Independent Television (AIT) and Raypower FM, has announced a post-tax deficit of N2.3 billion for the 2024 financial year.

Revealed in its 2024 financial statement, the company experienced a challenging year, with declines in key financial indicators despite a surge in revenue. Revenue increased by 16.4% to N5.3 billion, up from N4.5 billion in 2023.

However, the company reported larger losses compared to 2023, with its after-tax deficit growing from N1.6 billion in 2023 to N2.3 billion in 2024.

Loss before tax surged by 46.6%, reaching N2.3 billion, up from N1.6 billion in 2023. Gross profit declined by 9.5%, falling to N1.4 billion from N1.6 billion in 2023. Finance costs also increased by 23%, rising to N12.7 million from N10.4 million.

Again, total assets dropped by 11%, falling to N27.5 billion from N30.9 billion, while total liabilities were reduced by 13.6%, from N13.1 billion to N11.3 billion.

Television remained the largest revenue contributor, bringing in N4.6 billion, or 87.6% of the total revenue. The Radio and DNS Service segments contributed N389.3 million (7.4%) and N261.3 million (4.98%), respectively.

The company’s financial statement reveals disturbing statistics regarding its ability to remain in business. As of December 2024, DAAR Communications had accrued statutory charges, including Pension, PAYE, and VAT, totalling over N4.86 billion.

Added to this, liabilities for accrued staff salaries and terminal benefits for exited staff stood at N2.24 billion

ppogba:
Nothing stops a man abandoned by a wife enjoying with the children abroad from getting a new wife.
No reasonable wife who laboured with her husband and knows the labour of her husband will abandon him in his old age for yeye cold in the name of " enjoying abroad" . Such women are simply " omo ojuorolari".
The children also should show empathy and send such a womab back to her husband. After all, it is just a matter of time.

There are. situations in life that may require you to put aside religion at some critical times in life.

megawealth01:
Lovers of insurance stocks should put an eye on IEI at sub 2

This is my 17th STOCK PICK for 2025

austinkenneth:
Some of us are trapped in Seplat. No movement, while other stocks gained 50%.

We need help. More than 500m worth single trade is required for movement.

From whence cometh our help?

ppogba:
Nothing stops a man abandoned by a wife enjoying with the children abroad from getting a new wife.
No reasonable wife who laboured with her husband and knows the labour of her husband will abandon him in his old age for yeye cold in the name of " enjoying abroad" . Such women are simply " omo ojuorolari".
The children also should show empathy and send such a womab back to her husband. After all, it is just a matter of time.

There are. situations in life that may require you to put aside religion at some critical times in life.

megawealth01:
Lovers of insurance stocks should put an eye on IEI at sub 2

This is my 17th STOCK PICK for 2025

megawealth01:
JESUS is always on my side in all I do 😘

megawealth01:
Hope you know NGX isn't an avenue for getting rich suddenly?

ojesymsym:
When you get a new wife, you lose out completely on that first family. They will now completely turn against you.

Then with the second wife, the cycle of training another set of children continues. Na at 72 years you wan de attend PTA meeting?

It is a tough call, that is why you see many of them who can afford it litter Ikoyi club or playing golf up and down.

megawealth01:
Tinubu Borrowing N1.2 Trillion After Paying Chagoury’s Company N15 Trillion

https://gazettengr.com/after-paying-n15-trillion-to-chagourys-company-for-lagos-calabar-road-tinubu-secures-additional-n1-2-trillion-loan-for-same-highway/

Locotrader:
C&I Leasing Plc marks another gaint stride following the release of its 2024 annual report - Nairametrics https://share.google/sjW8tVldnlnk516g5

N25 -N30 not negotiable

Enjoy a continuous ride of 10%

We sighted this price spike earlier and align ourselves.

This stock may be the number one stock to deliver the highest returns to shareholders in 2025.

Enjoy this morning breakfast.
Back to my hole

Locotrader:
Mark this sentence
" Up against a record breaking year"

By Nairametrics

Mockers never seen anything.
Na only look una go dey look Ci leasing.

Champion Breweries delivered 300+ %
Ci Leasing will be doing 500 - 700% if not more

I am even seeing a repetition of Nahco here.
Company Assets is 131B naira and share price less than 10.
No be juju be this?

zendi:
Hmm, for sure, somebody now means business, and thinks big for Ellah Lake.

This man here is certainly well known, and highly respected in Nig corporate space.

And the size of money they want raise.............

https://stocksng.com/ellah-lakes-plc-appoints-hewett-benson-as-new-cfo/

ojesymsym:
When you get a new wife, you lose out completely on that first family. They will now completely turn against you.

Then with the second wife, the cycle of training another set of children continues. Na at 72 years you wan de attend PTA meeting?

It is a tough call, that is why you see many of them who can afford it litter Ikoyi club or playing golf up and down.