NMG net profit up for 1st half
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Nation Multimedia Group and its subsidiaries reported consolidated net profit of Bt149.85 million for the first six months, up from Bt77.83 million in the same period last year, mainly on an increase in advertising revenue.
The group’s operating profit before income tax stood at Bt189.93 million in the period, according to the company’s filing to teh Stock Exchange of Thailand.
Revenue from sales and services for the six-month period increased by 4 per cent compared with the same period of 2012.
The main reason is that advertising revenue increased by 8 per cent overall. That from print adverts and the broadcast business unit increased by 7 per cent and new-media advertising increased by 15 per cent, whereas event revenues dropped. Circulation revenues increased by 12 per cent, with that from pocketbooks and children’s books up by 61 per cent. Moreover, education revenue increased since its start in March 2012.
Most expenses for the six-month period decreased by 1 per cent year on year as the group has a policy to monitor costs.
NMG’s stock on Friday closed at Bt1.51, unchanged from Thursday.
Two listed subsidiaries of NMG reported their first-half financial results earlier. Nation Broadcasting Corporation (NBC) posted net profit of Bt31.94 million compared with Bt31.18 million in the same period last year. Nation International Edutainment (NINE) reported net profit of Bt14.15 million, down from Bt16.57 million.
