Kenyan Wall Street | by Miriam Wangui
Listed media company, Standard Group, has reported a pre-tax loss of KSh434.4 million for the financial year that ended on 31st December 2020, after a turbulent season. The loss is an improvement from the KSh684 million pre-tax loss reported in 2019.
According to Standard Group, the media industry suffered from the economic downturn caused by the Covid-19 pandemic. Demand for the company’s products and services fell sharply in 2020 as people cut down on non-essential spending..
