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The Standard e-Paper
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The Standard Group Plc is a
multi-media organization with investments in media platforms spanning newspaper
print operations, television, radio broadcasting, digital and online services. The
Standard Group is recognized as a leading multi-media house in Kenya with a key
influence in matters of national and international interest.
Listed property fund ILAM Fahari I-REIT posted a 16 per cent fall in profit for the year ended December 2020, attributed to the revaluation of property on a year hammered by the Covid-19 pandemic.
This saw its net profit stand at Sh148 million compared to Sh175.2 million recorded the previous year. The firm’s distributable earnings reduced to 74 cents per unit to Unit holders, compared to 80 cents per unit in December 2019.
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