By InvestAdvocate

Lagos (INVESTADVOCATE) – Media sector listed firm Daar Communications Plc on Monday posted a N3.42 billion loss for the period ended December 31, 2013, compared to N273.87 million profit recorded the previous year, the company said in a filing with the Nigerian Stock Exchange (NSE).

Profit before tax (PBT) dipped N2.70 billion from a gain of N354.32 million recorded the corresponding period of 2012.

However, revenue grew by 32.5 percent to N5.607 billion from N4.233 billion in the 2012 audited year end.