DAAR Communications PLC, DAARCOMM:LAG profile

Price (NGN)0.95
Today's Change0.01 / 1.06%
Shares traded15.18m
1 Year change+69.64%
Beta-0.2077

Data delayed at least 60 minutes, as of Jul 11 2025 14:30 BST.

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About the company

DAAR Communications Plc is a Nigeria-based media and entertainment company. The Company is engaged in the development, production, and marketing of entertainment news and information to a global audience. It owns and operates a portfolio of news, radio stations, and entertainment television networks. The Company’s segments include Raypower FM, AIT / Television, and DAAR News. Its Africa Independent Television (AIT) provides television broadcasting with a programming theme that shares the African experience with the global community. The programs on AIT include News, Current Affairs, Public Enlightenment, Business, Magazine/Talk Shows, AIT Sports, and others. Its RayPower 100.5 FM programs include Current Affairs, Musicals/Entertainment, Global Musical Programs, Business News, Magazine/Developmental, and others. It also provides various corporate services. AIT Sport is a department of the AIT Network division providing national sports coverage for AIT Television, radio, and online.

Revenue in NGN (TTM)5.49bn
Net income in NGN-2.01bn
Incorporated1988
Employees611.00

Location
DAAR Communications PLC1 Ladi Lawal Drive Off Gen.T.Y Danjuma,ABUJA NigeriaNGA
Phone+234 17730968
Websitehttps://www.daargroup.com/

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Income statement (NGN)

Year on year DAAR Communications PLC had net income fall 43.88% from a loss of 1.63bn to a larger loss of 2.34bn despite a 16.42% increase in revenues from 4.51bn to 5.25bn. An increase in the cost of goods sold as a percentage of sales from 63.75% to 71.84% was a component in the falling net income despite rising revenues.

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