DAARCOMM Releases Q1 2019 and Q4 2018 Results; Declares N2.43mln PAT in Q1 2019 Result,(SP:N0.40k)

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Monday, July 01, 2019 04.22PM /  NSE


Daar Communications Plc released its audited results for the year ended March 31, 2019.

 

Key Highlights

 

Q1 2019

Revenue  grew  by 26.67% to N1.16bln from N913.35mln in the previous year.

Profit Before Tax stood at 101.28% to N2.43mln

Profit After Tax stood at 101.2% to N2.43mln

Net Assets however grew marginally by 0.31% to N7.39bln from N7.38bln as at 31st March, 2018.

 

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Audited 2018

Revenue increased by 24.92% to N4.64bln from N3.71bln in 2017.

Records LBT of N2.01bln and LBT of N2.17bln.

Net Assets also declined by 22.75% to N7.37bln from N9.54bln as at 31st December, 2017.

 

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Graph – One Year Share Price Movement

 

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