Nation Media Group Limited (Kenya) revenue up 13.9% in HY2021

By Published On: August 26th, 2021Categories: Corporate announcement

Nation Media Group Limited (NMG.ke) HY2021 Interim Report

The recovery in business performance that started in the second half of 2020 has continued to hold up to June 2021, mainly attributable to growth in print and television advertising revenue, digital advertising revenue, E-paper and Nation.Africa subscriptions. In addition, cost containment and business optimisation interventions rolled out at the onset of the pandemic have resulted in sustained operational efficiency and continue to positively impact profitability.

DIVIDEND

Considering the prevailing economic environment and the Group’s long term investment plans, the directors do not recommend the payment of an interim dividend for the year 2021.

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During the Annual General Meeting held on 25th June 2021, Shareh