April 17, 2019 / 6:04 AM / 7 days ago

Nation Media Group 2018 pretax profit down 16.4 pct - Daily Nation

NAIROBI, April 17 (Reuters) - Kenya’s Nation Media Group said on Wednesday its pretax profit fell 16.4 percent to 1.6 billion Kenyan shillings ($15.83 million) in 2018, according to a tweet by the Daily Nation.

“NMG MAKES Ksh1.6bn profit before tax for 2018, down 16.4pc mostly due to bad debt by the government,” the newspaper, owned by the company, reported.

$1 = 101.1000 Kenyan shillings Reporting by Omar Mohammed; Editing by Gopakumar Warrier

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