Representatives of Longhorn Publishers sell textbooks at the Kenya Primary School Headteachers Association (KEPSHA) Conference in Mombasa on November 10, 2023.
Longhorn slashed its cost of sales to Sh165.8 million from Sh458.7 million as revenue fell by 46.9 per cent.
Longhorn blamed the lower sales on the government’s delay in approving text books and other learning materials.
Longhorn Publishers narrowed its net loss by 28.3 per cent in the six months to December 2024 as the company cut costs aggressively in response to a plunge in sales.
The firm’s net loss contracted to Sh148.6 million in the review period from Sh207.4 million a year earlier. Longhorn slashed its cost of sales to Sh165.8 million from Sh458.7 million as revenue fell by 46.9 per cent to Sh525.8 million from Sh278.8 million.
