Longhorn sinks into Sh98m half-year loss on depressed sales

A worker arranges books at Longhorn Publishers warehouse in Nairobi’s Industrial Area. FILE PHOTO | NMG

Longhorn Publishers has posted a Sh98.3 million net loss in the six months ended December 2022 as sales plunged on reduced purchasing by parents and the government.

The loss contrasted with Sh15.1 million net profit posted in the preceding period last year and came on the back of parents prioritising school fees and uniforms.

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