FIRST QUARTER PROFIT AT NATION GROUP

Nation Multimedia Group Public Company Limited recorded a first quarter net profit of THB 13.7 million baht, compared to a net loss in the same period last year of THB 58.89 million.
In a statement to The Stock Exchange of Thailand the company reported an overall 15 per cent rise in advertising revenues, with print rising by 18 per cent, broadcast by 13 per cent and new media by 3 per cent.
Circulation revenues dropped 5 per cent, despite a 5 per cent rise in newspaper circulation, according to the statement. Revenues from pocket books and comic books dropped 37 per cent.
The company noted a 12 per cent decrease in its cost of sales and operating expenses compared to the same period in 2009, attributing this to a 27 per cent drop in paper and production supply costs.