NATION ROCKETS TO THB 313 MN PROFIT

Nation Multimedia Group Public Company Limited, publisher of The Nation and other Thailand-based newspapers and magazines, recorded a THB 313 million profit during 2010. This contrasts sharply to a THB 81 million loss during the previous year.

Advertising sales rose 25 per cent across all media during the 12 months ending December 31, 2010, with print recording a 22 per cent rise, TV and radio up 34 per cent and new media recording a 16 per cent rise.

In a statement to The Stock Exchange of Thailand the company also noted a 3 per cent drop in revenues from newspaper circulation.