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Nation Media Group FY 2013 results Pre-tax Profit up 2.4%
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murchr
#1 Posted : Thursday, March 20, 2014 2:19:02 PM
Rank: Elder

Joined: 2/26/2012
Posts: 15,980
NMG Pre-tax Profit up 2.4%

to 3.5B, Nation Media Group dividend stays at KSh 10 a share. DailyNation circulation up 2% op profit up 6% and ad revenue up 12%.
"There are only two emotions in the market, hope & fear. The problem is you hope when you should fear & fear when you should hope: - Jesse Livermore
.
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  | | Edit by moderator: Tuesday, April 01, 2014 10:16 AM | Reason: title optimized for search
Angelica _ann
#2 Posted : Thursday, March 20, 2014 2:21:31 PM
Rank: Elder

Joined: 12/7/2012
Posts: 11,935
2013 was a tough year, wonder whether 2014 will be any better?
In the business world, everyone is paid in two coins - cash and experience. Take the experience first; the cash will come later - H Geneen
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muganda
#3 Posted : Thursday, March 20, 2014 2:33:02 PM
Rank: Elder

Joined: 9/15/2006
Posts: 3,907
Such lacklustre results. 2.4% means we barely managed not to have a profit dip.

Yet all drivers looked up, so which business unit is to blame?
Sales for the Group +8%
Nation Newspapers +6%
BD_Africa +51%
Daily Monitor +10%
NTV Kenya +3%
NTV Uganda +8%
Mwananchi communications +29%
Monitor publications +10%
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Goldilocks Reloaded
#4 Posted : Thursday, March 20, 2014 2:45:34 PM
Rank: Member

Joined: 1/14/2014
Posts: 178
I thought 2013 would have been a very good year for them with all the Election campaign advertisements and all...
Go for a business that any idiot can run – because sooner or later, any idiot is probably going to run it – Peter Lynch
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murchr
#5 Posted : Thursday, March 20, 2014 2:48:32 PM
Rank: Elder

Joined: 2/26/2012
Posts: 15,980
This should be a wakeup call the print business - esp newspaper sales will definitely dip. If they are not into pay TV then sijui. Seems they made money during the election time and the rest of the time things went flat
"There are only two emotions in the market, hope & fear. The problem is you hope when you should fear & fear when you should hope: - Jesse Livermore
.
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alma
#6 Posted : Thursday, March 20, 2014 2:48:43 PM
Rank: Elder

Joined: 7/20/2007
Posts: 4,432
This is interesting. Anyone with the detailed report?
Jose: If I make it through this thug life, I'll see you one day. The Lord is the only way to stop the hurt.
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dunkang
#7 Posted : Thursday, March 20, 2014 2:53:07 PM
Rank: Elder

Joined: 6/2/2011
Posts: 4,824
Location: -1.2107, 36.8831
WOLOLO! Other than CFC Stanbic Bank and PanAfric, the year has been TOUGH!!!!!
Receive with simplicity everything that happens to you.” ― Rashi

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murchr
#8 Posted : Thursday, March 20, 2014 3:00:18 PM
Rank: Elder

Joined: 2/26/2012
Posts: 15,980
muganda wrote:
Such lacklustre results. 2.4% means we barely managed not to have a profit dip.

Yet all drivers looked up, so which business unit is to blame?
Sales for the Group +8%
Nation Newspapers +6%
BD_Africa +51%
Daily Monitor +10%
NTV Kenya +3%
NTV Uganda +8%
Mwananchi communications +29%
Monitor publications +10%




Nation Hela? But not suprised by NTVKenya with people like madowo
"There are only two emotions in the market, hope & fear. The problem is you hope when you should fear & fear when you should hope: - Jesse Livermore
.
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muganda
#9 Posted : Thursday, March 20, 2014 3:16:10 PM
Rank: Elder

Joined: 9/15/2006
Posts: 3,907
@murchr I must agree. TV is like showbiz, it makes you think someone is doing so well. What with the 73% reach they're indicating, then results - alas!

Okay here we go http://www.nationmedia.com/docs...ultsInvestorBriefing.pdf



The culprit is Operating Expenses up 11.7%. Seconded by a decrease in Cash generated from Operations.
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  | | Edit by user: Thursday, March 20, 2014 3:19 PM | Reason: Not specified
2012
#10 Posted : Thursday, March 20, 2014 3:45:59 PM
Rank: Elder

Joined: 12/9/2009
Posts: 6,592
Location: Nairobi
muganda wrote:
Such lacklustre results. 2.4% means we barely managed not to have a profit dip.

Yet all drivers looked up, so which business unit is to blame?
Sales for the Group +8%
Nation Newspapers +6%
BD_Africa +51%
Daily Monitor +10%
NTV Kenya +3%
NTV Uganda +8%
Mwananchi communications +29%
Monitor publications +10%



On the Radio slide they seem to have deliberately excluded Easy FM while they have the newer Q FM. I think that must be the loss maker as it needs big egos and money to effectively compete directly with Kiss, Classic, Capital.

BBI will solve it :)
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  | | Edit by user: Thursday, March 20, 2014 3:49 PM | Reason: Not specified
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