Listed advertising and communication firm WPP Scangroup recorded a 28 percent improvement in net profit in 2018 from KSh478 million to KSh612 million. The company whose operations run in 25 African countries credited the good performance to enhanced revenues from the digital and technology segments as well as the newly acquired research business.

WPP Scangroup’s largest market, Kenya, contributed 62 percent of the firm’s revenue. Tough economic conditions in the country saw the firm’s income from advertising, public relations and media slightly decline. Revenue from Nigeria improved from 6 percent to 11 percent thanks to the new business, TNS Kantar research.

The firm’s operating expenses increased marginally to reach KSh3.9 billion. Its total assets grew by 5 percent from KSh13.8 billion to KSh14.4 billion.

The company expects improved earnings in 2019 based on the performance since the start of 2019. Its board of directors announced a final dividend of KSh1 per share and a special dividend of KSh3 per share to be paid upon approval by the shareholders during the annual general meeting. In 2017 KSh0.75 dividend per share was paid out to its investors.

Hongera kwa wale wako hapa!

Hmmm it won't fall by 200%...we can bet on that...

Lets give credit were it's due guys...Scan has shown the way...hope other listed companies follow suit...you can not seat on cash yet your shareholders are starving..no acquisition or expansion plans..yet damn boards can't approve bumper dividends to shareholders...there are few boards who sometimes make me feel like flying to Nairobi imprompto and give each member a hard slap...

Look at a company like Liberty Insurance...damn board can't even declare a dividend on release of FY results...karma they will announce later...what crap is that?!

How can a stock fall by more than 100%?
Please show me the mathematics.

Haha..@vvs, don't take it literally. I'm sure you get the point.

The relevant dates are:
1. Announcement date- When the Directors announce results and/or payment of dividend;
2. Books closure date - The cutoff date for shareholders to be paid. If you are on register on books closure date, you receive a dividend. If your name is entered on the register subsequently, you dont receive.
3. Payment date - the date on which dividend cheques and EFT are made.

In view of the above, the price of shares should fall on the books closure date by amount of dividend payable. Other falls and rises are irrational. This assumes that market is efficient.

Why do shareholders expect food/freebies at AGMs?
Why should a shareholder who has 100 shares (value 500/-) get a scone and yoghurt, which costs 100/-, while a shareholder with 10,000 shares (value 50,000) get the same scone and yoghurt?

I like what Safcom does. A bottle of water out of courtesy. End of story. It's a business meeting not a feast.

That helps. thanks