NATION GROUP: 54.98M LOSS FOR 2008

Financial results released on Friday to the Stock Exchange of Thailand by Nation Multimedia Group Public Company Limited (NMG) showed a net loss of 54.98 million baht for 2008. During 2007 the company recorded a loss of 797.5 million baht.
NMG is the publisher of newspapers including The Nation and the Thai language business newspaper Krungthep Turakij, and has subsidiaries involved in magazines, new media, book publishing, event organising and broadcasting.
Selected highlights from the 2008 results show .. :

• .. overall advertising revenue decreased 9 per cent.
  
• .. revenue from print advertising was down 13 per cent.
• .. revenues from new media advertising were up 37 per cent.
• .. broadcast revenues increased by 1 per cent.
• .. revenues from newspaper circulation dropped 0.4 per cent.

NMG was able to reduce sales and production costs by 6 per cent and was able to increase revenues from international magazine distribution, printing and logistics by 3 per cent, however the company also had to pay 61.91 million baht in compensation for early retirements.
The summary report can be found here.