Nation Media Group has maintained an interim dividend payout of Sh2.50 per share despite half-year net earnings dropping by nearly a fifth, underscoring the firm’s bullish outlook for the second half of the year. We also expect overdue payments from the government,” said NMG chairman Wilfred Kiboro at an investors’ briefing in Nairobi on Tuesday. NMG’s Kenya TV division grew operating results by 71 per cent in the period when NMG re-organised the Kenyan broadcasting division to have NTV as a bilingual channel. “New age consumers are not consuming our products in the traditional way.”READ: Nation Media Group partners with regional media stationsNMG, the largest media group in Eastern and Central Africa, said Uganda operations were impacted by a slowdown attributed to the February General Election which saw businesses take a wait-and-see approach. The new plant also helped the newspaper division cut costs by a fifth in the reported period.

Source: Daily Nation August 30, 2016 18:56 UTC