Nation Media Group #ticker:NMG has maintained a total dividend payout at Sh10 per share despite full-year net earnings dropping by a fifth, highlighting the firm’s bullish outlook for this year.
The Nairobi bourse-listed media house reported Sh1.68 billion in after-tax profit for the fiscal period to December 2016 compared with Sh2.22 billion a year earlier — an outcome it attributed to one-off costs related to restructuring and absence of a tax credit enjoyed in 2015.
