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Daar Communication Plc. reports an annual loss of N18.75 million for 2022.

Rate Captain by Rate Captain
April 18, 2023
in Corporates
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Daar Communication Plc. reports an annual loss of N18.75 million for 2022.
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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.

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 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%

 

 

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