Nation Media Group 2018 pretax profit down 16.4 percent

By Our Reporter

Nation Media Group’s pretax plummeted 16.4 percent to Shs1.6 billion ($15.83 million) in 2018, the company tweeted on Wednesday.

The fall was “mostly due to depressed regional economies. Also impacted by discontinuation of government advertising business from July 2018 due to inordinate delays in settling outstanding debts,” the company said.

Nation, the biggest publisher in East Africa, also operates in Uganda and Tanzania and runs radio and television stations in addition to a newspaper business.