Nation Multimedia Group Rockets To 313 Mn Profit

[george]

NATION ROCKETS TO THB 313 MN PROFIT

Nation Multimedia Group Public Company Limited, publisher of The Nation and other Thailand-based newspapers and magazines, recorded a THB 313 million profit during 2010. This contrasts sharply to a THB 81 million loss during the previous year.

Advertising sales rose 25 per cent across all media during the 12 months ending December 31, 2010, with print recording a 22 per cent rise, TV and radio up 34 per cent and new media recording a 16 per cent rise.

In a statement to The Stock Exchange of Thailand the company also noted a 3 per cent drop in revenues from newspaper circulation.

Read more: http://www.bangkokbugle.com/2011/02/nation-rockets-to-thb-313-mn-profit.html#ixzz1EZMCQFIF

Source: Bangkokbugle.com 2011-02-21

[bkkjames]

With all due respect George - the read more consists of this..

In a statement to The Stock Exchange of Thailand the company also noted a 3 per cent drop in revenues from newspaper circulation.

And wondering why some other magazine is the source for this news and not the Nation itself? strange.

[george]

Means that their internet and online revenue goes up, newspaper sales dropped.

[bkkjames]

Means that their internet and online revenue goes up, newspaper sales dropped.

I understand what it means, I just dont see why you need to jump to a new page to see one whole sentence on some other website?

[GarryP]

The Nation issues an apology. "As a result of editing errors the profit figure was mistakenly given as Baht 313 million. In actual fact, the correct figure is Baht 3.13."