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Daar Communications Plc (Nigeria)

Main Activities: Printing and Related Support Activities | Radio and Television Broadcasting | Wireless Telecommunications Carriers (except Satellite)
Full name: Daar Communications Plc Profile Updated: June 19, 2024
Buy our report for this company USD 29.95 Most recent financial data: 2022 Available in: English Download a sample report

DAAR Communications Limited is a private Independent African Communications outfit based in Lagos, Nigeria’s former capital and the economic nerve centre of the West African sub-region. DAAR Communications was incorporated in Nigeria in August 1988. It boasts of a successful background in the closely related fields of printing and publishing. DAAR launched its broadcast services in 1994 with the promotion of Nigeria’s first private independent radio station RayPower 100.5FM. A second channel RayPower 2 106.5FM commenced formal operation in April 1999. Before then, DAAR Communications had launched a 24 hour global Television service with the call sign Africa Independent Television (AIT) with thematic philosophy that is geared towards the promotion of African values and traditions of black people across the world. In the last quarter of 1999 DAAR Communications launched into the information super highway with the commencement of the DAAR broadband Internet Services with capacity for voice, internet access, video conferencing, data, telephony and other multi-media capabilities. DAAR Internet Service completes the circle of DAAR Communications Limited communications convergence strategy. DAAR Communications Limited has a Staff strength of about 600 people in Africa, Europe and the United States.

Headquarters
1 Ladi Lawal Drive Off Gen, T.Y Danjuma
Abuja; Federal Capital Territory;

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Website: http://www.daargroup.com

Basic Information
Total Employees:
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Outstanding Shares:
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Financial Auditors:
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Incorporation Date:
1988
Key Executives
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Chairman
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Director / Member of the Management Board
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Director / Member of the Management Board
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Director / Member of the Management Board
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Director / Member of the Management Board
Ownership Details
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61.13%
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34.86%
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4%
Company Performance
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Key Financial Highlights
Annual growth percentages for latest two years in local currency NGN. Absolute financial data is included in the purchased report.
Net sales revenue
-15.72%
Total operating revenue
-18.17%
Operating profit (EBIT)
-163.86%
EBITDA
N/A
Net Profit (Loss) for the Period
-296.15%
Total assets
124.78%
Total equity
784.57%
Operating Profit Margin (ROS)
-30.4%
Net Profit Margin
-53.71%
Return on Equity (ROE)
9.9%
Debt to Equity Ratio
-10.55%
Quick Ratio
-0.01%
Cash Ratio
0%

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