PROFITS UP AT NATION GROUP

Consolidated financial statements published by Nation Multimedia Group Public Company Limited and its subsidiaries for the nine-month period ended 30 September showed an operating profit before income tax, share of net profit from associates, gain from a bargain purchasing of investment and reversal of doubtful debt of THB 60.46 million.
The report, published by the Stock Exchange, noted an inclusion of income tax of THB 39.84
million, share of net profit from associates of THB 121.96 million, gain from a bargain purchasing of investment of THB 90.83 million and reversal of doubtful debt of THB 20.93 million.
Operations for the nine-month period showed net profits of THB 254.34 million, compared to the same period last year which showed a net loss of THB 114.27 million.
In justifying the turnaround in performance, the statement said: "Revenues from sales and services for the nine-months increased by 12 per cent year-on-year, advertising revenues increased by 14 per cent as print ads rose by 12 per cent, and there were advertising revenue increased in broadcast business unit by 23 per cent, new media increased by 8 per cent as well.
Moreover, the statement said: "Circulation revenue increased by 2 per cent resulting from 7 per cent rise in newspaper circulation, whereas pocket books and comic books dropped by 12 per cent.