Kenya's Scangroup says annual profit dips after 2013 accounting gain

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.