Total comprehensive income for the year ended December 2020 stood at Ksh135.5 million ($1.25 million), marking a strong recovery from Ksh352.7 million ($3 million) loss the listed media house posted at half year. This was, however, significantly lower than the total comprehensive income of Ksh862.6 million ($8 million) that the group posted in 2019. Advertisement“Overall performance improved in the second half of the year following gradual easing of the pandemic-related restrictions across the group’s markets,” NMG said in a statement. On April 23, three months after the introduction of its metered paywall, NMG announced that digital subscription had risen to more than 52,000 subscribers. The firm’s share price has gained 15.25 percent over the three months to date, to Ksh17 ($0.16) per share.

Source: Daily Nation May 03, 2021 07:11 UTC