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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 Supermarkets has cut its full-year losses by 40.8 per cent to Sh1.68 billion for the financial year ended June 30, 2017, supported by closure of some branches.
The improved result is credited to limited exposure of the group following the closure of key subsidiaries that are not factored in the current results.
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