NATION GROUP: 16.74MB OPERATING PROFIT

Nation Multimedia Group Public Company Limited has recorded a pre tax profit of 16.74 million baht for the three months ending September 30, 2009. After allowances for obsolete stock and income tax the company reported a small 3.34 million baht loss. This compares to a 57.36 million baht loss for the same period in 2008.
In details released to the Stock Exchange of Thailand today the company reported a decline in print advertising of 21 per cent from the same period last year, however there increases in advertising revenue from its television operation (up 45 per cent) and new media (up 149 per cent).
Revenues from newspaper circulation were down 14 per cent whereas circulation revenues from comic books, magazines and pocket books dropped 44 per cent. There was a 38 per cent decline in revenues from printing and logistics.
however cost of sales and operating expenses were also down, largely driven by a 56 per cent drop in sales promotions expenses and a 27 per cent decline in paper and production costs.