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NMG half-year profit up 225pc on revenue jump - VIDEO
Nation Media Group PLC Group Chief Executive Officer Stephen Gitagama (2R) with NMG non-executive director Wangethi Mwangi (R), Faida Investments Bank chairman Bob Karina (C), NSE CEO Geoffrey Odundo (2L) and Kenya Association of Stockbrokers and Investment Banks Chief Executive Willie Njoroge (L) during the NMG half year investor briefing at the Nairobi Serena on August 25, 2021. PHOTO | DIANA NGILA | NMG
The Nation Media Group #ticker:NMG (NMG) has posted Sh410.7 million pre-tax profit for the first six months of the year, marking a recovery from a similar period last year when it returned a loss of Sh328 million on the back of Covid-19 disruptions.
Growth was supported by a rebound in print, television and digital advertising as well as a rise in revenue from e-paper and Nation.Africa subscriptions.
