The Standard Group Plc is a
multi-media organization with investments in media platforms spanning newspaper
print operations, television, radio broadcasting, digital and online services. The
Standard Group is recognized as a leading multi-media house in Kenya with a key
influence in matters of national and international interest.
Uchumi Supermarket along Ngong Road taken on July 14 2016. [Photo by Wilberforce Okwiri/Standard]
Listed retailer Uchumi Supermarkets has announced a 63 per cent increase in losses during the first half of the current financial year.
The retail chain’s latest financial report indicates that after-tax loss nearly doubled to Sh895 million as at December 31, 2017 from Sh547 million recorded during a similar period the previous year.
Premium Article
Get Full Access for Ksh299/Week.
Fact-first reporting that puts you at the heart of the newsroom. Subscribe for full access.
Stand With Bold Journalism.
Stand With The Standard.
Journalism can't be free because the truth demands investment.
At The Standard, we invest time, courage and skills to bring you accurate,
factual and impactful stories. Subscribe today and stand with us in the
pursuit of credible journalism.