Daar Communications posts NGN691 million loss for q2

Nigerian Enamelware

Daar Communications plc, owners of AIT, RayPower and Faaji FM has reported NGN691.1 million loss fort he second quarter of the year compared to NGN691.9 million reported same period in the financial year 2016.

The communications company ended the quarter with NGN904.6 million in contrast to NGN794.0 million posted in the year before while gross loss was NGN267.3 million against NGN258.0 million in the previous year.

Total asset for the period under review was NGN17.7 billion compared to NGN18.1 billion in the year before while total liabilities was NGN7.2 billion versus NGN6.8 billion in 2016.

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