NATION GROUP: 58 MB LOSS IN Q1

Nation Multimedia Group Public Company Limited recorded an operating loss of 58.89 million baht during the first quarter of 2009, according to a statement released to the Stock Exchange of Thailand yesterday evening.
Advertising revenues were down 27 per cent overall compared to the same period last year, with revenues from print advertising recording a 35 per cent drop. Revenues from circulation were down 19 per cent with newspapers showing a 13 per cent decline, and pocket books and comic books recording a 22 per cent fall. Revenues from the international magazine distribution and logistics business recorded a 17 per cent decline.
During the first quarter of 2008 the company recorded a net profit of 6.94 million baht.