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 […]
Tag: XNAI_NMG
Kenya’s Nation Media swings to first-half profit on ad revenue boost
Adds details, background NAIROBI, Aug 25 (Reuters) – Kenya’s Nation Media Group NMG.NR said on Wednesday it swung into profit in the first half of this year from a loss a year earlier boosted by increased advertising revenues. East Africa’s biggest news publisher, with several newspaper titles, broadcast stations and digital assets, said pretax profit […]
NMG half-year profit up 225pc as revenue rises
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 […]
NMG half-year profit up 225 percent as revenue rises
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 […]
NMG half-year profit up 225 percent as revenue rises
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 […]
NMG half-year profit up 225pc as revenue rises
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 […]
Kenya’s Nation Media swings to first-half profit on ad revenue boost
Adds details, background NAIROBI, Aug 25 (Reuters) – Kenya’s Nation Media Group NMG.NR said on Wednesday it swung into profit in the first half of this year from a loss a year earlier boosted by increased advertising revenues. East Africa’s biggest news publisher, with several newspaper titles, broadcast stations and digital assets, said pretax profit […]
NMG half-year profit up 225pc on revenue jump
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 […]
NMG starts buying back stock from shareholders
The Initial Public Offer of BCR should create excitement at the bourse PHOTO: File Nation Media Group (NMG) has kicked off a debut stock buyback plan in East and Central Africa by setting out to buy back 10 percent (20.7 million shares) of its issued and paid-up share capital in less than three months. The […]
Sputnik vaccine firm sues media house for Sh4.8bn
The company that imported Russian Sputnik V Covid-19 vaccine has sued Nation Media Group seeking Sh4.8 billion for loss of business. The company wants the court to order NMG to pay them court filing fees and a permanent injunction restraining them from further publishing words that are defamatory to the firm. Dinlas Pharma EPZ Limited […]