Kenyan Wall Street | by Miriam Wangui
Nation Media Group has reported a drastic fall in net profit for the year that ended on 31st December 2020. Its net profit dropped to KSh48 million from KSh856 million in 2019, equivalent to a 94.4% decline.
Government restrictions and other effects of the Covid-19 pandemic severely affected the company. The company recorded a sharp decline in advertising revenue and income from the sale of newspapers also fell dramatically…
