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DAAR Communications Records N2.3bn Deficit in 2024 FY - Tech

Summary by techeconomy.ng
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 loss…
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DAAR Communications Records N2.3bn Deficit in 2024 FY - Tech

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 loss…

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techeconomy.ng broke the news in on Friday, April 4, 2025.
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