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Standard Group Plc (SGL) Company fundamentals | Realtime Stock Quote | Nairobi Securities Exchange | myStocks

Standard Group Plc (SGL)

End of day - Jul 12, 2024
+0.02 (+0.30%)
6.76   +0.02 (+0.30%)
End of day - Jul 12, 2024
4.98 - 9.48
52-week Range
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Market Commentary

The uncertainty of an open digital market was not reassuring to investors. With a camera and a channel, anyone can start a TV station and broadcast on the digital platform. The quality difference would not be different.
The Standard Group announced its results ending 2013 seeing a 33% rise in turnover. Circulation revenue grew by 6%, print advertising recorded a 41% growth and TV advertising revenue grew by 72%. The group managed to record a 13% rise in profits before tax

Brief Company Profile

Market Segment: Main Investment Segment
Sector: Commercial and Services

The Standard Group runs the Kenya Television Network (KTN); a Kenyan Television channel, The Standard; a Kenyan newspaper, Radio Maisha, the County Weekly; a bi-weekly county focused newspaper and Standard Digital World which is its online platform. The company focus on customer satisfaction is being supported by the re-design of the newspaper to create a more visually-driven and attractive newspaper that is easy to navigate with fresh and appealing content, additional investments in the expansion of reach and signal availability for radio, in order to grow listenership while also enhancing awareness of the brand through promotions, leveraging on its supplier relations in order to manage transaction and product development costs, engaging consumers on non-traditional platforms such as digital media and continued investment in automation expected to increase efficiency and productivity and this should result in lower cost of doing business. Management strategy also includes optimizing its cost structure as well as expandig revenue from new units, including the Nairobian and Radio Maisha.

Jan 16, 2017
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