The company incurred a one-off cost of Sh160 million to part with staff affected by a restructuring triggered by need to protect its bottom-line.
The profit warning signals that the cost-cutting and reduced foreign exchange pressures were not sufficient to cover for the revenue reduction.
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 cautionary 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.
