AIT grows revenue to N4.6b in 2018
Nigeria’s pioneer private broadcasting company, Daar Communications Plc has grown its revenue from N 3.712 billion in 2017 to a N4.637 billion in the 2018 financial year.
The Chairman of the Group, Chief Raymond Dokpesi Jnr. made the revelation at the weekend in Abuja at the broadcast Company’s 10th and 11th Annual General Meeting [AGM] . According to the Daar Communications Plc Chairman: “I the midst of operating challenges, your company recorded gross earnings of N3.712 billion in 2017as against the 2016 earnings of N3.733 billion , representing a marginal decline of 0.56 per cent revenue. Conversely, the earnings of 2018 increased to N4.637 billion , representing 25 per cent increase over 2017 earnings.’’
He also told shareholders that the sum of N1.3 billion was provided for in the 2018 financials for possible doubtful debt which they represent. He assured them that every necessary action including legal option was on the card for the recovery of any of its their debtors.
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