• Login
NORVANREPORTS.COM |  Business News, Insurance, Taxation, Oil & Gas, Maritime News, Ghana, Africa, World
  • Home
  • News
    • General
    • Political
  • Economy
  • Business
    • Agribusiness
    • Aviation
    • Banking & Finance
    • Energy
    • Insurance
    • Manufacturing
    • Markets
    • Maritime
    • Real Estate
    • Tourism
    • Transport
  • Technology
    • Telecom
    • Cyber-security
    • Cryptocurrency
    • Tech-guide
    • Social Media
  • Features
    • Interviews
    • Opinions
  • Reports
    • Banking/Finance
    • Insurance
    • Budgets
    • GDP
    • Inflation
    • Central Bank
    • Sec/Gse
  • Lifestyle
    • Sports
    • Entertainment
    • Travel
    • Environment
    • Weather
  • NRTV
    • Audio
    • Video
No Result
View All Result
No Result
View All Result
NORVANREPORTS.COM |  Business News, Insurance, Taxation, Oil & Gas, Maritime News, Ghana, Africa, World
No Result
View All Result
Home Features

Daakye Plc posts GHS 8.7m income for Q3 2023

2 years ago
in Features, highlights, Home, home-news, latest News
1 min read
0 0
0
88
VIEWS
Share on FacebookShare on TwitterShare on Linkedin

Daakye Plc posts GHS 8.7m income for Q3 2023

Daakye Plc has reported a challenging financial performance in Q3 2023, with total assets value experiencing a sharp decline to GHS 1.4 billion, compared to GHS 2.8 billion in the previous year.

The decline in total assets value can be attributed to a substantial decrease in current assets, which ended Q3 2023 at GHS 1.4 billion, down from GHS 2.1 billion in Q2 2022.

Additionally, Non-current assets of the company in the form of GETFund receivables was zero at end-Q3 2023 from GHS 695m at end-Q3 2022.

On the liability front, Daakye Plc recorded a remarkable reduction, with total liabilities standing at GHS 1.3 billion at the end of Q3 2023, a considerable decrease from the GHS 2.8 billion recorded in the same period last year.

Both current and non-current liabilities experienced declines, amounting to GHS 128 million and GHS 1.2 billion respectively, compared to the GHS 253 million and GHS 2.5 billion recorded in the previous year.

The company’s total comprehensive income faced headwinds, reporting figures of GHS 10 million and GHS 8.7 million at the end of Q3 2022 and Q3 2023 respectively.

RelatedPosts

Dangote Plans Refinery Upgrade to Dethrone India and Lead the Global Refining Market

FirstBank Ghana Concludes Third Junior Internship Programme to Nurture Future Leaders

Regulatory Weakness, Capped Stabilisation Fund Undermining Ghana’s Petroleum Revenue Management – PIAC

This decrease in reported comprehensive income led to a decline in earnings per share, falling to GHS 8.7 from the previous year’s figure of GHS 10.1.

Daakye Plc’s financial performance during Q3 2023 highlights its current challenges. Market participants will closely scrutinize the company’s strategies to manage its current assets, address the zero value of non-current assets, and navigate the prevailing economic conditions.

Restoring investor confidence and enhancing financial stability will be vital for Daakye Plc to rebound and regain its financial footing.

Tags: assetsDaakye PlcDaakye Plc posts GHS 8.7m income for Q3 2023liabilities
No Result
View All Result

Highlights

MLS Playoffs 2025: A Look Ahead to the Exciting Postseason

Michael Jordan Rookie Card Sets New Record with $2.7 Million Sale

BoG Pegs Ghana Gold Coin at GHS 47,551 per Ounce

UEFA Champions League: Paris, Inter and Arsenal Win in Style to Stay Perfect, Barcelona Score Six

Africa’s Fastest-Growing Economy Sets new Rules for Foreign Stake in Local Banks

Nigeria’s Oil Production Could Reach 2 Million bpd by Next Year

Trending

Business

Dangote Plans Refinery Upgrade to Dethrone India and Lead the Global Refining Market

October 22, 2025

Dangote Plans Refinery Upgrade to Dethrone India and Lead the Global Refining Market Upon its conception, the...

FirstBank Ghana Concludes Third Junior Internship Programme to Nurture Future Leaders

October 22, 2025

Regulatory Weakness, Capped Stabilisation Fund Undermining Ghana’s Petroleum Revenue Management – PIAC

October 22, 2025

MLS Playoffs 2025: A Look Ahead to the Exciting Postseason

October 22, 2025

Michael Jordan Rookie Card Sets New Record with $2.7 Million Sale

October 22, 2025

Who we are?

NORVANREPORTS.COM |  Business News, Insurance, Taxation, Oil & Gas, Maritime News, Ghana, Africa, World

NorvanReports is a unique data, business, and financial portal aimed at providing accurate, impartial reporting of business news on Ghana, Africa, and around the world from a truly independent reporting and analysis point of view.

© 2020 Norvanreports – credible news platform.
L: Hse #4 3rd Okle Link, Baatsonaa – Accra-Ghana T:+233-(0)26 451 1013 E: news@norvanreports.com info@norvanreports.com
All rights reserved we display professionalism at all stages of publications

No Result
View All Result
  • Home
  • Business
    • Agribusiness
    • Aviation
    • Energy
    • Insurance
    • Manufacturing
    • Real Estate
    • Maritime
    • Tourism
    • Transport
    • Banking & Finance
    • Trade
    • Markets
  • Economy
  • Reports
  • Technology
    • Cryptocurrency
    • Cyber-security
    • Social Media
    • Tech-guide
    • Telecom
  • Features
    • Interviews
    • Opinions
  • Lifestyle
    • Entertainment
    • Sports
    • Travel
    • Environment
    • Weather
  • NRTV
    • Audio
    • Video

Welcome Back!

Login to your account below

Forgotten Password?

Create New Account!

Fill the forms bellow to register

All fields are required. Log In

Retrieve your password

Please enter your username or email address to reset your password.

Log In
NORVANREPORTS.COM | Business News, Insurance, Taxation, Oil & Gas, Maritime News, Ghana, Africa, World
This website uses cookies. By continuing to use this website you are giving consent to cookies being used. Visit our Privacy and Cookie Policy.
We use cookies to ensure that we give you the best experience on our website. If you continue to use this site we will assume that you are happy with it.