Standard Group posts a pretax profit of Sh326 million

Standard Group Directors, from left, Acting Company Secretary Victoria Cherotich, Zehrabanu Janmohamed, Robin Sewell, Sam Shollei and Dr James Boyd during the group’s Annual General Meeting at the Standard Group Centre in Nairobi last Friday. Shollei, the company’s CEO, said the group’s performance was robust despite the various challenges facing the business. Standard Group posted a pretax profit of Sh326 million in 2014, representing an eight per cent growth from Sh301 million recorded in 2013, with turnover standing at Sh4.8 billion. [photo: GOVEDI ASUTSA/standard]

Increased growth in advertising and heavy investment in technology have buoyed 2014 earnings of Standard Group Ltd to a four-year high.

This comes even as media companies in the country face immense challenges across print and broadcasting platforms.