Longhorn Publishers loss widens to Sh261m on weak Kenya sales

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

Photo credit: File| Nation Media Group

Longhorn Publishers reported a larger net loss of Sh261.4 million in the year ended June, due to a substantial drop in sales in the Kenyan market.

This bigger loss, compared to Sh237.9 million a year earlier, extended the company’s dividend drought.

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Note: The results are not exact but very close to the actual.