Nation Media Group

[pop in]

WTF how much does this equate to per month

Nation Media Group(NMG), the regional media powerhouse in East Africa, posted a significant decline in Net Earnings to KSh 2.9 Million at the end of the half year period ended 30th June 2023. This is compared to net profit of KSh 247.8 Million in H1 2022. The Nation Media Board attributes the Group decline in profitability to the drastic rise in the cost of imported raw materials, particularly newsprint, and the depreciation of the Kenya Shilling against the US Dollar.

https://kenyanwallstreet.com/nation-media-group-profit-declines-98-8-to-ksh-2-9million/

 

[The.Black.Templar]

WTF how much does this equate to per month

Nation Media Group(NMG), the regional media powerhouse in East Africa, posted a significant decline in Net Earnings to KSh 2.9 Million at the end of the half year period ended 30th June 2023. This is compared to net profit of KSh 247.8 Million in H1 2022. The Nation Media Board attributes the Group decline in profitability to the drastic rise in the cost of imported raw materials, particularly newsprint, and the depreciation of the Kenya Shilling against the US Dollar.

https://kenyanwallstreet.com/nation-media-group-profit-declines-98-8-to-ksh-2-9million/

Very soon it will close down due to loss of significance

 

[Cortedivoire]

First thing first, the board should be fired for giving meffi strategic advice
Secondly, the printing and television division wa convert to porno 24/7/365
Finally. Move the entire business online where media is.
Saa hii tuko.co.ke and kenyans.co.ke are the next big things in media

 

[Okiya]

Very soon it will close down due to loss of significance

Quite a number of companies are struggling. Tembea kwa ground. It's only banks I see reporting massive profits.

 

[The.Black.Templar]

Quite a number of companies are struggling. Tembea kwa ground. It's only banks I see reporting massive profits.

It is the nature of business, if you don't innovate and stay relevant, you struggle and die

 

[Okiya]

It is the nature of business, if you don't innovate and stay relevant, you struggle and die

That's true. Some innovative ways the companies are thinking is laying off employees

 

[The.Black.Templar]

That's true. Some innovative ways the companies are thinking is laying off employees

What is innovative about that? They have been laying off employees every year

 

[Okiya]

What is innovative about that? They have been laying off employees every year

I'm not talking about Nation. I'm talking about "the companies"

 

[The.Black.Templar]

I'm not talking about Nation. I'm talking about "the companies"

Still the same question...what is innovative about that? Facebook, twitter, stanchart and even governments have layed people off since time started

 

[Okiya]

Still the same question...what is innovative about that? Facebook, twitter, stanchart and even governments have layed people off since time started

So what innovative ways do you have in mind that companies should use?

 

[Tiiga Waana]

WTF how much does this equate to per month

Nation Media Group(NMG), the regional media powerhouse in East Africa, posted a significant decline in Net Earnings to KSh 2.9 Million at the end of the half year period ended 30th June 2023. This is compared to net profit of KSh 247.8 Million in H1 2022. The Nation Media Board attributes the Group decline in profitability to the drastic rise in the cost of imported raw materials, particularly newsprint, and the depreciation of the Kenya Shilling against the US Dollar.

https://kenyanwallstreet.com/nation-media-group-profit-declines-98-8-to-ksh-2-9million/

This is what happens when you have a clueless and uninspiring Government which crashes it’s currency making it ridiculously difficult to import raw materials and other essential inputs.

All Kenya Kwisha Government is doing on the economic front is taxing more and more. The ripple effects are that Kenyans purchasing power is severely dented to an extent that they can’t buy newspapers and advertisements from these newspapers.

The poor performance of these companies is simply due to poorly thought out and uninventive Government policies.

 

[The.Black.Templar]

So what innovative ways do you have in mind that companies should use?

Nation Media should go fully digital, create more locally relevant content, work with creators. Stop doing things the old fashioned way

 

[Okiya]

Nation Media should go fully digital, create more locally relevant content, work with creators. Stop doing things the old fashioned way

How will that suggestion increase revenues?

 

[algorithm]

The Nation Media Board attributes the Group decline in profitability to the drastic rise in the cost of imported raw materials, particularly newsprint, and the depreciation of the Kenya Shilling against the US Dollar.

Hata huko nyamakima businesses are closing down due to high cost of imports and depreciation of the shilling. The future looks very bleak for everyone. Hata hapa mashinani macadamia ni 20 bob, coffee 30 bob per kg. Kenya kwisha.

 

[The.Black.Templar]

How will that suggestion increase revenues?

If you want they can still continue doing the same things as ten years ago and see where they end up ten years from now

 

[Okiya]

If you want they can still continue doing the same things as ten years ago and see where they end up ten years from now

You're suggesting something like Viusasa right?

 

[The.Black.Templar]

You're suggesting something like Viusasa right?

You're suggesting something like Viusasa right?

The trick is to innovate, not copy

 

[Tiiga Waana]

When you have flag ship companies struggling economically then you realise as a Country that it’s a wake-up call for the economy to take a long hard look at what is going wrong

The Nation newspaper has been an institution for many generations. It is a very respected source of information in Kenya and the region.
As @Okiya might vouch, till early this year Nation newspaper used to feature on Sky News and BBC24 on their news each and every day. They have now dropped Nation newspaper because of the struggles it is experiencing since Mwizi came to power.

But Tugeges always shift the buck and the blame elsewhere than to the rightful perpetrator.

 

[The.Black.Templar]

When you have flag ship companies struggling economically then you realise as a Country that it’s a wake-up call for the economy to take a long hard look at what is going wrong

The Nation newspaper has been an institution for many generations. It is a very respected source of information in Kenya and the region.
As @Okiya might vouch, till early this year Nation newspaper used to feature on Sky News and BBC24 on their news each and every day. They have now dropped Nation newspaper because of the struggles it is experiencing since Mwizi came to power.

But Tugeges always shift the buck and the blame elsewhere than to the rightful perpetrator.

Flagship companies like, mumias, kq, uchumi, nakumatt, eveready, tuskys, ea cement?

 

[Okiya]

Flagship companies like, mumias, kq, uchumi, nakumatt, eveready, tuskys, ea cement?

Of all the companies you've mentioned, only Eveready collapsed because of unfavourable Kenyan economy. The other companies died because of mismanagement