Longhorn cuts losses to Sh238 million on increased revenue

A worker arranges books at Longhorn Publishers warehouse in Nairobi’s Industrial Area.

Photo credit: File| Nation Media Group

Longhorn Publishers cut its net loss by 58.4 percent to Sh237.9 million in the financial year ended June 2024 as increased sales pulled it from the worst performance since listing on the Nairobi Securities Exchange.

The improved performance from its biggest loss of Sh571.33 million in the preceding financial year came on the back of revenue and other income growing by 43 percent to Sh1.54 billion, which the firm attributed to enhanced market penetration.

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