DAAR Communications Plc, owners of AIT
and Raypower FM have denied earlier report making the rounds that it might go
into extinction within the next two years if more fund is not injected into the
Media giant by shareholders urgently.
Reacting to the report which was
published in some Dailies and social media platforms including CKN News today,
the GM Corporate Communications of Daar Communications Plc,Mr Johnson Onime who
spoke to CKN News exclusively said that the Chairman of the Company ,Mr Raymond
Dokpesi Jnr was misquoted.
He stated that the Chairman’s
statement was taken out of context. According to him,Daar Communications is on
sound footing. Onime said the company has over the years built a solid
foundation as a major force in broadcasting not only in Nigeria but in the
African continent. He opined that Nigerians have nothing to fear.
Daar Communications has posted an
operating loss of N2.139 billion in 2016, up from N1.515bn in 2015.
The chairman of the company, Chief
Raymond Dokpesi Jnr, had stated this at the combined 2015 and 2016 annual
general meeting of the company held in Abuja. He attributed the loss to the
recession Nigeria is currently struggling to come out of.
According to him, “The adverse
business environment together with the biting economic recession caused the
2016 turnover of the company to plummet to an all time low if N3.733 billion
representing 47 per cent decline over 2015 earnings.”
“The loss after taxation in 2016 was
N2.139 while in 2015 loss after taxation was N1.515 billion.
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