Nation Media Group (NMG) Full Year 2014 Financial Results

(Last Updated On: March 26, 2015)

nation media group

NMG announced a 1% rise in profit before tax from Ksh3.59 billion to Ksh3.62 billion for the year ended December 2014. Revenues were at Ksh13.3 billion which is a drop of 1.6%. Other income grew by 43.6 percent to Ksh500 million.


1. Nation Newspapers division recorded a 5% drop in revenues while operating profit dropped by 1%. Direct costs also went down by14%. This brings in majority of the revenue for the company.

2. The EastAfrican has a revenue growth of 7% while operating profit was up7%

3. Business Daily has a revenue growth of 10% while operating profit was up 85%

4. Monitor Publications experienced a 3% drop in revenue, operating profit was down 62% while direct costs were down 3%.

5. Mwananchi communications had a 4% rise in revenue but a 25% drop in operating profit. Direct costs were up 32%.

6. Television in Kenya which comprises of NTV and QTV experienced a 23% rise in advertising revenue plus a 1,754% rise in operating profit. This however contributes just about 5% of the group’s profits.

7. NTV Uganda had a 7% rise in revenue while operating profit was up 1%.

8. In radio, Nation FM and QFM recorded 18% drop in revenues while operating profits were down 57%.

9. Nation Digital which comprises of ,, and had tremendous growth. had its monthly pageviews grow from 20 million to an average of 70 million thanks to higher penetration of smartphones. grew from 1 million pageviews to 3 million pageviews.

NMG incurred a Ksh230 million one off expense to write off analogue broadcasting equipment and the company’s old press machine. It will also install a ksh1.5 billion printing press and will use cash from its reserves which stood at Ksh3.4 billion.

NMG also invested in a printing press in Tanzania’s Lake zone regions to improve on deliveries.

Leave a Reply

Your email address will not be published. Required fields are marked *