Browsing: NMG

NMG Profit Dips By 13.1pc Amid Global Rise In Printing Costs

The cost of sales reached 683.2 million Kenyan Shillings, which is an increase from 520.5 million Kenyan Shillings during the same period in the previous fiscal year.

Because of an increase in the cost of sales caused by a global rise in newsprint prices and a depreciation of the Shilling in comparison to the dollar, the gross profit margin decreased by 4.5 percentage points, falling from 86.0 per cent in the previous year to 81.5 per cent in the current year.

In spite of the difficulties encountered, the group maintained their confidence that they would make progress in the second half of the year.…