Longhorn Publishers record Kes1.7Bn in profits

Longhorn Publishers record Kes1.7Bn in profits

Longhorn Publishers Monday announced a 17 per cent jump in revenues to Kes1.69 billion compared to Kes1.45 billion the company reported in the previous year turnover.

The publishers’ profit after tax for the year ended 30 June 2018 rose by 37 per cent to Kes 183 million up from Kes 133 million last year.

Longhorn Publishers’ Managing Director, Simon Ngigi, attributed the growth to the successful implementation of the company’s 2015-2018 strategic plan which focused on product diversification, entry into new markets and growth of the digital offering.

The performance was further bolstered by savings achieved through improving the Group’s operational efficiencies, which resulted in the growth of operating margin from 16 percent to 21 per cent.

With the roll out of the Competency Based Curriculum at the beginning of 2018, Longhorn Publishers has been able to develop several books that have been approved by KICD and for use in schools across the country.

The firm said Monday that it will embark on a new strategic plan for the period 2018-2021, it will increase its focus on growing its digital products and expanding into new territories within Southern Africa and Francophone territories by offering innovative country-specific learning solutions.

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