NMG says the curbs on movements and stay-at-home push affected newspapers distribution, adding that a drop in hard copy sales was partially mitigated by growth in e-paper subscriptions. Africa More by this AuthorNation Media Group (NMG) returned to profitability in the six months to December 2020 on improved revenue from television and digital products after it recorded a substantial loss for the six months to June 2020 in the wake of Covid-19 disruptions. Total comprehensive income for the year ended December 2020 stood at Sh135.5 million, marking a strong recovery from Sh352.7 million loss the listed media house posted at half year. This was, however, significantly lower than the total comprehensive income of Sh862.6 million that the group posted for 2019. Pandemic-related restrictionsAdvertisement“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.

Source: Daily Nation April 30, 2021 05:52 UTC