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TV, digital products pull NMG from loss territory
From left: Nation Media Group Editorial Director Mutuma Mathiu, Group CEO Stephen Gitagama and Head of Development and Learning Churchill Otieno cut a cake on April 22, 2021 at Nation Centre to celebrate after Nation.Africa hit 50,000 digital paywall subscribers. PHOTO | JEFF ANGOTE | NMG
Nation Media Group (NMG) #ticker:NMG returned to profitability in the six months to December 2020 on improved revenue from television and digital products after it recorded a substantial loss for the six months to June 2020 in the wake of Covid-19 disruptions.
Total comprehensive income for the year ended December 2020 stood at Sh135.5 million, marking a strong recovery from Sh352.7 million loss the listed media house posted at half-year.
