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

David Indeje is Khusoko’s Digital Editor, covering East African markets.
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.

David Indeje is Khusoko’s Digital Editor, covering East African markets.

In my role as Community Engagement Editor For Khusoko, I care about our audience. engaging them, getting news delivered to them across a variety of platforms, and expanding the diversity of voices on our website.

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