Nation Media Group plunges into KSh375.2 million net loss in H1 2020

nation centre
[Image source: Nairobi News]

[Source: Kenyan Wall Street, by Jackson Okoth]

A drastic drop in advertising and circulation volumes pushed down giant Nation Media Group(NMG)into a loss territory of KSh 375.2 Million in Net earnings at the close of the six months ended 30th June, 2020.

This is against a net profit of KSh 403.7 Million over a similar period last year.

The media house blames its financial woes on a difficult period faced by advertisers across the regions where it…

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[Image source: Nairobi News]

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