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Browsing: SIB Group
WPP ScanGroup, a marketing and communications company, has reported a loss of 47.1 million shillings (US$393,648.14 ) for the half year that ended in June 2022.
- WPP ScanGroup has reported a loss of 47.1 million shillings (US$393,648.14 ) for the half year that ended in June 2022
- This is a significant drop from the 31.4 million shillings (US$262,432.09) profit that the company reported for the same period in 2021
- The poor performance may be attributed to a drop in net revenues of 6.1 per cent year over year
- The company stated that “the bottom-line was pulled by an 11.0 per cent jump in tax charge to Sh56.7million (US$468,045.75),” which contributed to the negative results
This is a significant drop from the 31.4 million shillings (US$262,432.09) profit that the company reported for the same period in 2021.
The poor performance may be attributed to a drop in net revenues of 6.1 …