Daar Communications records first Q1 profit in 4 years, but owes N1.4bn salaries

After three straight first quarters of losses, Daar Communications Plc, owners of African Independent Television (AIT) and RayPower FM, came out of the woods with a N2.43 million after-tax profit in the first three months of 2019. The media firm grew its net income by more than 100 percent in the