Scangroup cuts costs to offset revenue decline

Scangroup CEO Bharat Thakrar. FILE PHOTO | NMG

Marketing services firm Scangroup #ticker:SCAN is cutting costs, including payroll expenses as some of its clients reduce their spending in the wake of the Covid-19 pandemic.

The company says the disruption brought by the disease has seen companies reduce or cancel their marketing programmes awaiting an uptick of economic activities and a rebound in consumer spending.

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