Nation Media Group PLC 2023 AR2
The report details Nation Media Group's performance and strategic transition toward a digital-first model during the fiscal year 2023. Facing a challenging macroeconomic environment, including high inflation and currency depreciation, the company recorded a turnover of Shs 7.1 billion and a loss before tax of Shs 0.4 billion, partly due to a one-off write-down of its printing press. Despite these headwinds, the group accelerated its digital transformation, expanding its digital footprint to over 60 million users and launching premium subscription services across East Africa. Additionally, the company operationalized the Nation Media Foundation to drive social impact and integrated eight UN Sustainable Development Goals into its business strategy.
Company: Nation Media Group PLC
Sector: Communication Services
Country: Kenya
Year: 2023
Type: AR2
Pages: 148
Nation Media Group PLC
Annual Report And Financial Statements
The report details Nation Media Group's performance and strategic transition toward a digital-first model during the fiscal year 2023. Facing a challenging macroeconomic environment, including high inflation and currency depreciation, the company recorded a turnover of Shs 7.1 billion and a loss before tax of Shs 0.4 billion, partly due to a one-off write-down of its printing press. Despite these headwinds, the group accelerated its digital transformation, expanding its digital footprint to over 60 million users and launching premium subscription services across East Africa. Additionally, the company operationalized the Nation Media Foundation to drive social impact and integrated eight UN Sustainable Development Goals into its business strategy.
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Document Details
Report Year
2023
Reporting Period
Jan 1, 2023 - Dec 31, 2023
Fiscal Year
2023
Type
Annual Report with Sustainability Disclosures
Language
English
Pages
File Size
Standards & Assurance
Reporting Standards
Materiality Assessment
ESG Data?Experimental — AI-extracted data, may contain inaccuracies
Emissions
Scope 1:
Scope 2:
Scope 3:
Water Consumption
Total Waste
Women in Management
Net Zero Target
Employees