The Nation Media Group has recorded a profit growth for the period ending June this year.
The media firm had posted Sh. 825.6 million profit after tax in the six months to June compared to Sh. 785.4 million in the same period last year, a 5.12 per cent growth.
The company maintained its interim dividend payout at Sh. 2.50 per share.
At Sh. 2.50 per share, the total interim dividend payout due to shareholders is Sh. 471.25 million and will be paid out in September.
NMG’s total costs dropped 8.6 per cent to Sh. 4.1 billion while its cost of sales fell 9.3 per cent to Sh. 955.8 million as a result of an effective route-to-market strategy for newspapers.
