Daar Communications Plc has released its financial results for the 2022 financial year, reporting a reduction in revenue of N18.75 million from N4.81 billion for 2021 to N4.79 billion for 2022
Gross profit was reduced by N673.9 million compared to last year while operating loss rose significantly to N736 million from the N560 million recorded last year.
Key details of the audited financial report are summarized below.
Revenue
December 2022: N4.81 billion
December 2021: N4.79 billion
Change: – 11%
Gross Profit
December 2022: N1.86 billion
December 2021: N2.53 billion
Change: – 39%
Operating Loss
December 2022: N736 million
December 2021: N599 million
Change: + 19%
Net loss before tax
December 2022: N755 million
December 2021: N641 million
Change: +18%
Net Loss after tax
December 2022: N768 million
December 2021: N733 million
Change: 5%
