News Column

Media group's profits drop

August 26, 2014

NAIROBI: Kenyan media firm Standard Group yesterday posted an 8 percent drop in pretax mid-year profit to 205 million shillings ($2.32m). The publisher of Kenya's second-largest daily, The Standard, operator of KTN TV and a radio station blamed the year-on-year fall in profit on provisions for bad debts in its magazine distribution business.

The company was optimistic about achieving higher earnings in the second half.

Cape Argus

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Source: Cape Argus (South Africa)

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