NMG RECORDS 53.04 MILLION LOSS FOR 2009

Nation Multimedia Group Public Company Limited has recorded a net loss of 53.04 million baht for the year ending December 2009. This compares to a net loss of 54.98 million baht for the previous year.
In a statement released to The Stock Exchange of Thailand yesterday the company highlighted a 15 per cent drop in sales and services during 2009, blaming the economic slowdown and political instability. Advertising revenues were down 14 per cent overall, with print showing a 24 per cent decline. Broadcast revenues were up 15 per cent and revenues from new media up by 30 per cent.
The company also noted a 20 per cent drop in circulation revenues. Newspaper circulation revenues were down 6 per cent while revenues from its pocket books and comic books business were down 51 per cent. Revenues from its printing and logistics services were up 4 per cent.