Volume recovery in publishing boosts Zimpapers’ Q3 topline

0
552
Harare City1

Itai Ndongwe 

HARARE – Volume recovery from the digital and publishing division saw Zimpapers report a 74% growth in revenue for the third quarter to September 30, 2021.

The digital and publishing division, recorded a 24. بطولات اتلتيكو مدريد 7% volume growth for the quarter
when compared to the same period last year. In the second quarter, volume growth was at 20.7%.

According to the group’s trading update for the quarter, year to date performance was, however, near flat. The division is up 0.3% on last year, following the 29.6% decline in the first quarter of the year, which was affected by a hard Covid-19 induced lockdown.

The group noted that both advertising and circulation recovered. Circulation was 14% better when compared to the same period last year whilst advertising recorded a 33% growth in September 2021 when compared to June 2021.

Because of this recovery, group revenue was up 74% to $2 billion from $1.15 billion in the comparable year ago period. The digital and publishing unit contributed 65% to the top line.

The  radio broadcasting division recorded a 2.7% volume increase for the third
quarter when compared to the same period last year. On year to date basis, volumes are
2.4% above the same period last year. This was a recovery from the 3% decline that was
recorded in tQ1. The division contributed 14% to revenue. لعبة الدومينو المصرية

At Natprint, volumes for the quarter were 54% better than the same period last year and a recovery from a negative 23% seen in the second quarter. For the nine months, volumes are 13% higher.  “The improved performance for the quarter was a result of further relaxation of the Covid-19 lockdown restrictions and improved machine reliability following installation of a second commercial printing machine.”

ZTN recorded a 51% volume growth for the quarter and 102.1% on year to date when compared to same period last year. This was a result of the increase in the station’s audiences and brand endorsements. ZTN contributed 4% to revenue.

Overall, operating profit before monetary adjustments was at 4. بطولة اليورو 2023 9 million against $124.2 million in the same year ago period. The group improved its net profit before monetary adjustment margin to 12.2% compared to 10.8% for the same period
last year.

In the outlook, the upward trend is expected to be sustained in the fourth quarter owing to the relatively improving operating environment. “In that regard, the fourth quarter, which is the peak period for the company’s products, is expected to be better than the third quarter.”

 

close

Sign up to receive awesome content in your inbox, every day.

We don’t spam! Read our privacy policy for more info.

LEAVE A REPLY

Please enter your comment!
Please enter your name here

twenty − 7 =