Standard Group pre-tax profit jumps 8 per cent

Standard Group sales assistant Esther Kinyua shows form four students from St. Charles Lwanga, Kitui the company’s publications during The 17th Nairobi International Education Fair at Sarit Expo Centre, Westlands, Friday [PHOTO: ANDREW KILONZI]

The Standard Group posted positive results despite a challenging business environment in the last financial year. The Group made a pre-tax profit of Sh326 million for the financial year ended December 31, 2014; an 8 per cent increase from the previous year.

The Group achieved a turnover of Sh4.8 billion in 2014, maintaining the same turnover level as 2013. The media firm attributed this performance to the print, television and radio advertising streams that saw a growth of 8 per cent, 6 per cent and 66 per cent, respectively.