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Scangroup issues profit warning after loss of Airtel business
The profit warning signals that the cost-cutting and reduced foreign exchange pressures were not sufficient to cover for the revenue reduction owing to lower client spend and loss of Airtel Africa business.
Listed marketing services firm WPP Scangroup has issued a profit warning for its full year ending December 2025, citing loss of a material client and one-off staff restructuring cost.
The statement means the company will post a larger net loss of at least Sh633.4 million for the period, up from a net loss of Sh506.7 million it recorded in the year to December 2024.
