NAIROBI, Aug 25 (Reuters) – Kenya’s Nation Media Group said on Wednesday it swung into profit in this year’s first half, versus a loss in the corresponding 2020 period.
East Africa’s biggest news publisher, with several newspaper titles, broadcast stations and digital assets, said pretax profit was 410.7 million Kenyan shillings ($3.75 million) versus a loss of 328 million shillings a year earlier.
Turnover rose to 3.72 billion shillings from 3.26 billion in the first half of 2020, it added.
($1=109.5500 Kenyan shillings)
(Reporting by George Obulutsa; Editing by Clarence Fernandez)
(( george.obulutsa@thomsonreuters.com ; Tel: +254 20 499 1234; Reuters Messaging: george.obulutsa.thomsonreuters.com@reuters.net )) The views and opinions expressed herein are the views and opinions of the author and do not necessarily reflect those of Nasdaq, Inc.
