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Last week, Vision Group, released its results for the 6 months leading to December 2022, reporting that overall turnover declined by 25.80%⏤ from UGX61.1 billion in the 6 months to December 2021 to UGX45.4 billion. This, they attributed to reduced publishing orders that led to a 77.71% reduction in publishing revenue, as well as a 12.5% reduction in print circulation revenue and a 3.15% reduction in overall advertising revenue. The Group said that radio advertising, fell the biggest⏤ by 23.2%, while television advertising and print advertising declined by 4.53% and 2.86% respectively from the same period last year. However, commercial…
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Uganda Securities Exchange (USE) has instituted a security halt on the New Vision Printing and Publishing Company limited (NVL) activity on the USE market. According to USE, the move comes after a sporadic price decline from UGX227 to UGX57 per share (74.8%) which forced USE to impose a security halt on the NVL counter effective February 11, 2022 until further notice. USE in a bid to keep a fair, transparent, order and efficient market under which it operates has asked all the other trading participants to notify their clients accordingly. The notice announcing the New Vision Printing and Publishing Company…
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Despite an increase in administrative and operating costs, the New Vision Printing and Publishing Company Limited has realized a profit after profit of UGX 2.7 billion for the year ending June 2020, up from UGX2.1 billion in 2019. The Company registered a turnover of UGX91.8 billion in 2020 compared to UGX90.2 billion in 2019. Total revenue grew by 1.8%. The company recorded a gross profit of UGX24.3 billion in 2020 compared to UGX21.8 billion in 2019 while profit before taxation was UGX4.9 billion in 2020 compared to UGX3.9 billion in 2019. Cost of sales decreased by 1.2%. The decrease was…
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