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Scangroup of Kenya Climbs Most in 6 Months as Profit Surges

Scangroup Ltd., East Africa’s biggest marketing company by sales, climbed the most in six months after saying full-year profit rose 60 percent as revenue surged on “significant growth” in advertising spending.

Net income advanced to 640.6 million shillings ($7.64 million) in the 12 months through December from 401.2 million shillings a year earlier, the Nairobi-based company said in a statement distributed by the city’s stock exchange today. Billings more than doubled to 11.4 billion shillings, it said.