By BRIAN NGUGIMore by this AuthorNation Media Group (NMG) maintained its total dividend payout at Sh10 per share for the sixth year in a row after weathering a tough 2017 — that was characterised by weak macroeconomic conditions and challenging trading environment — to produce a solid outcome. The company’s turnover for the period stood at Sh10.6 billion compared to Sh11.3 billion in 2016, a 6.2 per cent decline. NTV Kenya posted a 12 per cent growth in revenue while NTV Uganda’s revenue rose five per cent. Daily Nation, The East African, Business Daily and Tanzania’s Citizen and Mwananchi newspapers posted a drop in their revenue and operating income. I think for Nation Media Group, it has ballooned to Sh700 million,” he said even as he affirmed that NMG would remain steadfast in sticking to the core values of journalism.

Source: Daily Nation April 18, 2018 18:33 UTC