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Originally published by The Kenyan Wall Street
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business
August 25, 2025
1d ago

WPP Scangroup Half-Year Loss Eases to KSh 208Mn as Forex Losses Drop 97%

WPP Scangroup Half-Year Loss Eases to KSh 208Mn as Forex Losses Drop 97%

WPP Scangroup narrowed its H1 2025 loss to KSh 208M from KSh 252M, aided by lower fx losses, but cash halved to KSh 1.14B amid weak revenue...

✨ Key Highlights

WPP Scangroup Plc reported a significantly reduced half-year net loss of KSh 208.3 million for the period ending June 30, 2025, down from KSh 252.3 million in the prior year. This improvement was largely driven by a substantial 97% drop in foreign exchange losses, despite continued weak client spending and declining revenue.

  • Foreign exchange losses dramatically narrowed to KSh 6.5 million from KSh 251 million in H1 2024.
  • Patricia Ithau, CEO, exited the company in July, with Miriam Kaggwa appointed interim CEO amidst leadership transitions and market challenges.
  • Total assets decreased to KSh 6.62 billion from KSh 7.25 billion, and cash and cash equivalents fell to KSh 1.14 billion from KSh 2.04 billion.

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