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Scangroup FY 2014 earnings down 42%

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murchr		#1 Posted : Wednesday, April 29, 2015 5:23:11 AM
Rank: Elder Joined: 2/26/2012 Posts: 15,980		Reuters wrote: Kenya's Scangroup says annual profit dips after 2013 accounting gain. NAIROBI, April 28 (Reuters) - Kenyan advertising firm Scangroup posted a 5.2 percent fall in pretax profit last year to 912 million shillings ($10 million), but said an accounting gain in 2013 masked a significant improvement in its performance. The company, majority-owned by advertising and marketing group WPP, said the accounting gain contributed 624 million shillings to its restated 2013 pretax profit figure of 963 million shillings. Revenue rose 33.5 percent to 5.1 billion shillings last year and Scangroup said it was "confident that business will continue to sihow growth during 2015". Full results http://ge.tt/3Oj7dQF2/v/0 "There are only two emotions in the market, hope & fear. The problem is you hope when you should fear & fear when you should hope: - Jesse Livermore .
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Pesa Nane		#2 Posted : Wednesday, April 29, 2015 9:58:27 AM
Rank: Elder Joined: 5/25/2012 Posts: 4,105 Location: 08c		How do you arrive at -42%?? Compared to FY2013, these are particularly encouraging results. Pesa Nane plans to be shilingi when he grows up.
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Pesa Nane		#3 Posted : Wednesday, April 29, 2015 10:00:49 AM
Rank: Elder Joined: 5/25/2012 Posts: 4,105 Location: 08c		Pesa Nane plans to be shilingi when he grows up.
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Gatheuzi		#4 Posted : Wednesday, April 29, 2015 11:55:51 AM
Rank: Veteran Joined: 8/16/2009 Posts: 994		Good results . Any information on dividends? 33% revenue growth is great, and more so when combined with the fact that it is from sources outside Kenya. Digital and Market research divisions doing very well. Time is money, so money is time. Money saved is time gained in reverse! Money stores your life’s energy. You expend your energy, get paid money, and store that money for a future purchase made in a currency.
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Pesa Nane		#5 Posted : Wednesday, April 29, 2015 7:41:47 PM
Rank: Elder Joined: 5/25/2012 Posts: 4,105 Location: 08c		Gatheuzi wrote: Good results . Any information on dividends? 33% revenue growth is great, and more so when combined with the fact that it is from sources outside Kenya. Digital and Market research divisions doing very well. Div. Ksh 0.50 Payable 30 June 2015 Register Closure: 29 May 2015 AGM: 29 May 2015, Bomas Special Business: Quote: To consider and if thought fit, to pass the following resolution as a Special Resolution. "The name of the Company be changed to WPP Scangroup Limited with effect from the date of the meeting" Pesa Nane plans to be shilingi when he grows up.
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Gatheuzi		#6 Posted : Wednesday, April 29, 2015 8:40:44 PM
Rank: Veteran Joined: 8/16/2009 Posts: 994		Pesa Nane wrote: Gatheuzi wrote: Good results . Any information on dividends? 33% revenue growth is great, and more so when combined with the fact that it is from sources outside Kenya. Digital and Market research divisions doing very well. Div. Ksh 0.50 Payable 30 June 2015 Register Closure: 29 May 2015 AGM: 29 May 2015, Bomas Special Business: Quote: To consider and if thought fit, to pass the following resolution as a Special Resolution. "The name of the Company be changed to WPP Scangroup Limited with effect from the date of the meeting" Thanks @pesanane. it appears these WPP boys from Jersey really want their presence felt. We shall grant them their wish. This will also increase brand visibility and recognition. Time is money, so money is time. Money saved is time gained in reverse! Money stores your life’s energy. You expend your energy, get paid money, and store that money for a future purchase made in a currency.
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Pesa Nane		#7 Posted : Wednesday, April 29, 2015 10:16:59 PM
Rank: Elder Joined: 5/25/2012 Posts: 4,105 Location: 08c		Gatheuzi wrote: Pesa Nane wrote: Gatheuzi wrote: Good results . Any information on dividends? 33% revenue growth is great, and more so when combined with the fact that it is from sources outside Kenya. Digital and Market research divisions doing very well. Div. Ksh 0.50 Payable 30 June 2015 Register Closure: 29 May 2015 AGM: 29 May 2015, Bomas Special Business: Quote: To consider and if thought fit, to pass the following resolution as a Special Resolution. "The name of the Company be changed to WPP Scangroup Limited with effect from the date of the meeting" Thanks @pesanane. it appears these WPP boys from Jersey really want their presence felt. We shall grant them their wish. This will also increase brand visibility and recognition. @Gatheuzi hold on there!! Sham firms overstate their numbers and later quietly re-state them downwards. Quality firms give true & accurate statements of accounts (and may later, out of prudent financial necessity, transparently restate them). Gems are quality firms with a hidden (unpolished) diamond. Gems report appropriately without polishing the diamond and may later quietly restate the figures (upwards) to include the polished diamond. Remember REA? Pesa Nane plans to be shilingi when he grows up.
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Pesa Nane		#8 Posted : Thursday, June 04, 2015 10:46:25 PM
Rank: Elder Joined: 5/25/2012 Posts: 4,105 Location: 08c		Quote: SCANGROUP RESOLUTIONS PASSED BY THE SHAREHOLDERS AT THE ANNUAL GENERAL MEETING OF SCANGROUP HELD ON FRIDAY THE 29TH DAY OF MAY 2015 AT BOMAS OF KENYA - NAIROBI SPECIAL RESOLUTIONS 1. CHANGE OF THE NAME OF THE COMPANY It was proposed by Mr. Alois Chami, seconded by Ms. Mary Bamba and unanimously resolved: "That the name of the Company be changed to WPP Scangroup Limited with effect from the date of the meeting" Pesa Nane plans to be shilingi when he grows up.
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Gatheuzi		#9 Posted : Friday, June 05, 2015 7:29:30 AM
Rank: Veteran Joined: 8/16/2009 Posts: 994		Pesa Nane wrote: Quote: SCANGROUP RESOLUTIONS PASSED BY THE SHAREHOLDERS AT THE ANNUAL GENERAL MEETING OF SCANGROUP HELD ON FRIDAY THE 29TH DAY OF MAY 2015 AT BOMAS OF KENYA - NAIROBI SPECIAL RESOLUTIONS 1. CHANGE OF THE NAME OF THE COMPANY It was proposed by Mr. Alois Chami, seconded by Ms. Mary Bamba and unanimously resolved: "That the name of the Company be changed to WPP Scangroup Limited with effect from the date of the meeting" The ever present Chami. Time is money, so money is time. Money saved is time gained in reverse! Money stores your life’s energy. You expend your energy, get paid money, and store that money for a future purchase made in a currency.
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