WorldStage Newsonline– DAAR Communications Plc, the foremost independent broadcast organization in Nigeria has released its annual report and financial statements for the year ended 31st December, 2021 with a drop in loss after taxation to N1.154 billion from N2.346 billion in 2020, a 51% improvement.
Revenue also improved by 35% to N4.806 billion from N3.554 billion in 2020.
The Company was incorporated on August 31, 1988, as a limited liability company and converted into a public liability Company on April 23, 2007.
The Company pioneered private/independent broadcasting with the establishment of Raypower 100.5 FM radio station in September 1994 upon the deregulation of the broadcast sector in 1993 by the Federal Government of Nigeria. The organization also pioneered global satellite broadcasting in 1996 with the establishment of African Independent Television (AIT).
