WPP Scangroup Posts Full-Year Loss of Ksh 382.8Mn ; Revenue Down 20%

The Nairobi Securities Exchange-listed firm, WPP Scangroup, is engaged in developing communication strategies, creating advertisements for products and services, planning and buying media, as well as providing marketing consultancy.

WPP Scangroup, a full-service creative transformation company, posted a loss of Ksh 382.8 million for the financial year ended December 31, 2020.

This is a decrease of Ksh 105 million compared to the fiscal year 2019.

Its revenue also declined by 20 per cent to KSh 2,239 million.

WPP-Scangroup, a full-service creative transformation company, posted a loss of Ksh 382.8 million for the financial year ended December 31, 2020.

The group had reported a 20 per cent drop in net profit of KSh491.4 million in the year ended December 2019 compared to KSh612.2 million in 2018.