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Vision Group profits plunge after it raises provision on debt
New Vision Printing and Publishing Company Ltd said its after-tax profit for the year ended 30 June 2017 had fallen sharply after a decline in revenue and a "huge" provision for doubtful debts
October 8, 2017
Companies
Corporate earnings and results
Vision Group sees revenue fall on reduced circulation and low economic activity
A decline in revenue from commercial printing and circulation was the biggest contributor to the fall in net profit of New Vision Printing and Publishing Company Ltd in the half year to 31 December 2016, unaudited results released on Friday show.
February 24, 2017
Companies
Corporate earnings and results
Printing keeps New Vision in black ink with Shs4.9bn profit
Profit before tax was flat at Shs7.4bn and the company had Shs5bn in cash and cash equivalents, down from Shs10.7bn at the end of last financial year. Cash from operating activities moved significantly from Shs14.1 billion in FY2014/15 to Shs2.5 billion.
October 6, 2016
Executive Profiles
Movers & Shakers
Executive Profile: Robert Kabushenga
In the decade Kabushenga has been in charge of New Vision, the media group has opened six radio stations, launched two television stations, including the popular Bukedde TV, and moved into digital publishing.
July 23, 2016
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