Home Business Longhorn Publishers sinks to Sh226m loss as Covid clips book sales

Longhorn Publishers sinks to Sh226m loss as Covid clips book sales

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[Source: Business Daily, by Patrick Alushula]

Longhorn Publishers  has sunk into Sh225.9 million loss, the first in eight years, as the closure of schools due to Covid-19 pandemic hurt book sales.

The publisher, which had issued a profit warning, said on Friday its full-year to June 2020 net earnings had retreated from the Sh185.1 million profit booked the previous year.

This marks the first time in five years…

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