Financial Statement

Kenya’s Standard Group 2014 profit up 8 pct on advertising boos

Posted on by The Editorial Team

NAIROBI (Reuters) – Kenyan media company Standard Group posted an 8.4 percent rise in pretax profit for 2014 due to growth in print, TV and radio advertising.The publisher of Kenya’s oldest and second-largest daily paper, the Standard, and an operator of a radio and TV station, said profit before tax climbed to 326 million shillings ($3.6 million), while revenue nudged marginally lower.Standard Group said it was optimistic about 2015 and wants to tap into Kenya’s…

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MTN’s FY earnings up nearly 9 pct after Nigeria revenue boost

Posted on by The Editorial Team

JOHANNESBURG (Reuters) – Africa’s largest telecom provider MTN Group posted an 8.7 percent rise in full-year earnings on Wednesday after a revenue boost from Nigeria, but warned of possible headwinds as weaker oil prices bring economic doubts to its key market. While Nigeria’s performance was below MTN’s own expectations after regulatory and operational challenges, its revenue increased by more than 12 percent. “In Nigeria some level of uncertainty remains with regards to the implications of…

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