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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.