NVL Financial Half Year Results 2018
Overall Turnover slightly declined by 2.35 % from last year. Circulation , overall Advertising and Events’ revenue streams registered growth of 5.24% , 0.82% and 20.96% respectively while Commercial Printing revenue declined by 33.11% from the same period last year.
Print and Digital advertising revenues grew by 4.82% and 32.0% respectively while Radio and Television revenues declined by 11.92% and 2.21% respectively.
The decline in revenue was largely due to the continued drop in print advertising media spend and a general low economic activity level in the industry.
