Vision new board tours company
Nov 18, 2010
THE new board members of <i>New Vision</i> yesterday toured the new purpose-built $5m (sh10b) factory that houses the $9m (sh18b) ultra-modern printing press.
By Andante Okanya
THE new board members of New Vision yesterday toured the new purpose-built $5m (sh10b) factory that houses the $9m (sh18b) ultra-modern printing press.
The four are Dr. Monica Chibita, a senior lecturer at Makerere University, Oode Obella, the former assistant commissioner in the finance ministry, Steven Bamwanga of the Associated Consultants and Grace Dwonga, the executive finance director of Vitafoam.
The board members’ tour was guided by the company secretary, Gervase Ndyanabo, who also briefed them about the company operations.
Apart from the printing press inspection, the quartet also toured the newsrooms of both New Vision and Bukedde newspapers, plus the electronic platforms; 94.8 Vision Voice Radio, Bukedde TV studios and Bukedde Radio.
Ndyanabo said the company had ordered more equipment to boost the factory and TV station. Shipment, he said, was underway.
Noting that they were satisfied with the strides that the company is taking, Bamwanga called for the setting up of more newspaper kiosks in residential areas to increase on the circulation.
In the last financial year, New Vision grew by 15.6% to sh49.95b, compared to the previous financial year’s sh43.2b. The after-tax profit was sh734m, down from sh2.2b last year.
This was blamed on the higher depreciation charges on the new plant and machinery.
THE new board members of New Vision yesterday toured the new purpose-built $5m (sh10b) factory that houses the $9m (sh18b) ultra-modern printing press.
The four are Dr. Monica Chibita, a senior lecturer at Makerere University, Oode Obella, the former assistant commissioner in the finance ministry, Steven Bamwanga of the Associated Consultants and Grace Dwonga, the executive finance director of Vitafoam.
The board members’ tour was guided by the company secretary, Gervase Ndyanabo, who also briefed them about the company operations.
Apart from the printing press inspection, the quartet also toured the newsrooms of both New Vision and Bukedde newspapers, plus the electronic platforms; 94.8 Vision Voice Radio, Bukedde TV studios and Bukedde Radio.
Ndyanabo said the company had ordered more equipment to boost the factory and TV station. Shipment, he said, was underway.
Noting that they were satisfied with the strides that the company is taking, Bamwanga called for the setting up of more newspaper kiosks in residential areas to increase on the circulation.
In the last financial year, New Vision grew by 15.6% to sh49.95b, compared to the previous financial year’s sh43.2b. The after-tax profit was sh734m, down from sh2.2b last year.
This was blamed on the higher depreciation charges on the new plant and machinery.