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Longhorn falls into Sh145m half-year loss
Friday February 19 2021
Longhorn Publishers chairman Francis Nyammo at a past full-year earnings briefing in Nairobi. FILE PHOTO | DIANA NGILA | NMG
By LYNET IGADWAH
The publisher had made a net profit of Sh68.96 million in the half-year to December 2019.
“The Group revenue declined compared to the same period last year mainly attributable to the closure of schools for the entire period,” Longhorn said in a statement on Friday.
Kenya shut schools indefinitely in March last year when the first case of coronavirus was reported within its borders in a move that hurt businesses that rely on schools being open.
THE STANDARD By
Kevine Omollo |
January 22nd 2021 at 17:16:03 GMT +0300
Pupils at Ogenya Primary school in Nyando Kisumu County receive books worth Sh1 million from Longhorn Publishers in partnership with Standard Group on January 22, 2021. [Collins Oduor, Standard]
Ogenya Primary School which had been submerged in floods in Nyando has benefitted from Sh3 million worth of learning aid and sanitation equipment.
Longhorn Publishers on Friday delivered Sh1 million worth of books which has come as a relief for the students who lost books in the floods.
Davis and Shirtliff also delivered a water tank, and began the geological study ahead of sinking a borehole at the institution s new site.
14 companies issue profit warning in turbulent year
Thursday December 24 2020
At least 14 companies have issued profit warnings this year, with most blaming the economic fallout from the Covid-19 pandemic for their weaker earnings. FILE PHOTO | NMG
By VICTOR JUMA
Summary
Britam Holdings, Absa Bank Kenya, East African Breweries Limited (EABL), Kenya Power, East African Cables, Kenya Orchards, Longhorn Publishers, Nairobi Business Ventures, Nation Media Group and Unga Group are among the companies that have warned investors of reduced earnings
Others are NCBA Group, TPS Eastern Africa, I&M Holdings and Standard Chartered Bank Kenya.
At least 14 companies have issued profit warnings this year, with most blaming the economic fallout from the Covid-19 pandemic for their weaker earnings.