DAAR COMMUNICATIONS RECORDS N533M LOSS IN Q2
source : http://www.eyesoflagos.com/2017/08/daar-communications-records-n533m-loss.html

Daar Communications Plc reported a net loss of N533.4 million in its second quarter ended June 30, 2017, against N406 billion loss posted in the year 2016.
Eyes Of Lagos gathered, According to a notice posted on the Nigerian Stock Exchange (NSE) at the weekend, the company’s total revenue for the year under review was N883.7 million in contrast with N1.3 billion recorded same period in 2016.
The notice showed further that the company’s costs of sales for the period was N1.03 billion against N1.29 billion recorded in 2016, finance costs declined to N19.87 million from N27.19 million. Administrative expenses went up to N345.09 million from N304.95 million, while the earnings per share declined to a negative of seven kobo in the period under review.
The results, the company said, represented 32 percent decline in its revenue earnings. The company’s also recorded N142.4 million gross loss for second quarter, 2017 against N51.6 million gross profit recorded in the year before.
Daar Communications recorded N9.9 billion net assets in the year in review in contrast to N11.2 billion in the year before.
The chairman of the company, Chief Raymond Dokpesi attributed the loss to the adverse business environment together with the biting economic recession.
Dokpesi, however assured shareholders that there was bright hope of returning the company to profitability in the coming years following a conscious business restructuring and operations digitalisation and expansion initiative project which is at its final implementation stage.
He said, as part of the initiatives, Daar Communications has successfully resolved all her pending litigation matters in several courts arising from the last general elections in Nigeria in 2015 and in the process saved a lot of funds in litigation fees as some were settled out of court or struck out for want of evidence.
Daar Communication is an integrated media company with a portfolio of TV, radio stations and investment in broadcast equipment and coverage.

How wont they...


them never begin to lose sef till them close down pata pata.


so unethical
so unprofessional
very biased and lopsided

taking sides with PDP where Channels TV are being neutral and objective Raymond dokpesi is playing kite with salary of his work force hob nobbing with the lossing party PDP..


They are of no use and irrelevant. . Let them kuku close down the station cos I remember last time people were donating #10 for them.. this time I dont have a single shi-shi to donate to biased reporter..

let me be enjoying my Channels TV jeje..

Seun Okibaloye my man..

politics and business some times don't just blend

Hahaha... Dokpesi used the money to register a new political party, APDA. Nigerian politics is not about having money and fame. If you showcase your money anyhow, they will chop and clean mouth. You can ask OUK about PPA, you need to be cunning in politics.

https://www.youtube.com/watch?v=PXAIj6FViFg

Make dem step up

No more LION of Bⁿ. No more free chop from PDP

Lol no more election money where they earn as much 15m for a live brodcast.

The only programm worth looking forward to on AIT is focus nigeria by Gbenga Aruleba that station is sure to collapse soon as the money used in srenghthening it was part of the looting under Dr.Jonathan Goodluck ..

Please what is AIT or DAAR... Animal, place or thing?

Oya keep the dream alive season 3

The figures are just for tax avoidance

I don't want to comment na by force

Daar Comm requires a total restructuring. They need a very innovative leadership devoid of bi-partisan politics and try as much as possible to move away from the old goons running the station. I also think Dokpesi should move away from the company- even as its Chairman.


OP: recheck your figures. They can't lose 406 billion last year and still remain a biz entity. It should be 4.06 billion

WHAT HAPPEN TO THE OVER 2BILLION NAIRA PAID BY JONATHAN. I CAN ONLY PITY THOSE WHO INVESTED DAAR COMMUNICATION PLC. WITH RAYMOND AS THE HEAD, UNA DOO O

Benekruku:
When a businessman stands in the forefront of unhealthy politics, he is definitely bound to lose immeasurably.


Raymond Dokpesi is harvesting from what he sowed. Fayose and the guns that supported his hate and derogatory broadcast years back will definitely be nowhere to be found.

On a serious note, do humans still watch AIT

Based on your suggestion, we can equally say the naira and Nigerian stocks are obeying the law of gravity heavily due to the fact they both supported Goodluck and PDP. Don't you guys ever get tired of blaming everyone except yourselves? Smh

ok

No one is watching/listening to AIT/Ray Power again

Check my signature to order your football jerseys and get FREE CUSTOMIZATION, YES you heard me right FREE CUSTOMIZATION

And the loss continues

that one na station?

Where are his gains before 2015 Elections.

Don't be poor till the end, check this out

10 things to avoid if you don't want to be a pauper for life. http://mymotivitain..com/2017/08/10-things-to-avoid-if-you-dont-want-to.html

This is what happens when you go against the lords chosen (Buhari)

Eya. No more bootlicking.

Pdp is not in power na

One of the mistakes I made in investing in stocks, a man that failed to managed business want to manage the one time biggest political party in West Africa.
But I am glad to make the mana know that what OANDO is facing and what had befallen Ikeja hotel is beckoning on them and will surely befall them all

jericco1:
Eya. No more bootlicking.

Even when they're in power, has he ever declared positive earnings let alone dividend?

Keep losing, Corruption company, the Africa independent thieves

Their Sponsor PDP is Bankrupt

Milestones:
WHAT HAPPEN TO THE OVER 2BILLION NAIRA PAID BY JONATHAN. I CAN ONLY PITY THOSE WHO INVESTED DAAR COMMUNICATION PLC. WITH RAYMOND AS THE HEAD, UNA DOO O

There's nothing to pity us for most of us had forgotten the stock, if it is possible for dry bones of dáar to rise Glory be to God, if not possible glory be to God

myners007:
The figures are just for tax avoidance

The Tax authority doesn't just swallow everything thrown at it. it peruses financial statements to ascertain whether or not it reflects a true and fair situation of the company.