Home Business Scangroup plans to write off Sh4.7bn investment

Scangroup plans to write off Sh4.7bn investment

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Business Daily | by Victor Juma


Marketing services firm WPP Scangroup has made preparations to write off up to Sh4.7 billion investments in its subsidiaries.

The company has transferred the amount from its share premium account to its merger reserve account from which it can absorb the impairments without hurting its earnings…

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