Vision Group’s Chief Executive Officer Robert Kabushenga has re-affirmed the Group’s commitment to post profits in the coming quarter of the financial year despite the tough market environment.
Releasing the New Vision financials this afternoon, Kabushenga noted that the company is now eyeing diversification most especially in electro-media through developing more products to attract customers.
Kabushenga said that radio, television and commercial printing have successfully supported the former print media.
Last year the company grew in turn over from 86 billion to 92 billion. He says the print media still tops the contributions of revenue with over 50% followed by television then the online media.
Kabushenga also adds that the company is now looking at how best to position its self in the market given the tough economic times through cost cutting and reducing expenditure on foreign denominations.
Kabushenga says the company is now looking at prospects to sell the print products across the region and make some extra revenue.
Paul Bwiso the chief executive officer, Uganda Stock Market says although New Vision Printing and Publishing Company Limited has been doing well since it was listed 8 years ago, it has also received some market shocks in the recent past.