WPP Scangroup Share Price Gains 26.3% on Special Dividend Announcement

WPP Scangroup forecast weaker earnings for its full-year financial results on Thursday as it posted Ksh 31 million profit for its six months ended 30 June 2021 compared to a loss of Ksh 532 million in the prior period.

WPP Scangroup (NSE:SCAN)  share price gained 26.29 percent to KSh22.10 on Tuesday, a day after the marketing and communication group announced a special dividend of KSh8 per share in August.

“WPP Scangroup made a surprise entry into the top movers’ list, soaring 26.3% on bullish local sentiments,” said Standard Investment Bank in its daily market brief.

WPP Scangroup Share Price Gains 26.3%

From Tuesday’s trade, its counter hit a high of KSh25, lifted Scangroup’s market value to KSh9.5 billion from KSh7.5 billion on Monday.

The volume of shares traded surged to 2.5 million units in deals valued at a total of KSh56.1 million.