WPP Scangroup (NAI:SCAN) Retained Earnings : KES-804 Mil (As of Jun. 2024)

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What is WPP Scangroup Retained Earnings?

Retained earnings is the accumulated portion of net income that is not distributed to shareholders. WPP Scangroup's retained earnings for the quarter that ended in Jun. 2024 was KES-804 Mil.

WPP Scangroup's quarterly retained earnings increased from Jun. 2023 (KES-852 Mil) to Dec. 2023 (KES-557 Mil) but then declined from Dec. 2023 (KES-557 Mil) to Jun. 2024 (KES-804 Mil).

WPP Scangroup's annual retained earnings declined from Dec. 2021 (KES-542 Mil) to Dec. 2022 (KES-690 Mil) but then increased from Dec. 2022 (KES-690 Mil) to Dec. 2023 (KES-557 Mil).

WPP Scangroup Retained Earnings Historical Data

The historical data trend for WPP Scangroup's Retained Earnings can be seen below:

* For Operating Data section: All numbers are indicated by the unit behind each term and all currency related amount are in USD.
* For other sections: All numbers are in millions except for per share data, ratio, and percentage. All currency related amount are indicated in the company's associated stock exchange currency.

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WPP Scangroup Retained Earnings Chart

WPP Scangroup Annual Data

Trend

Dec14

Dec15

Dec16

Dec17

Dec18

Dec19

Dec20

Dec21

Dec22

Dec23

Retained Earnings

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-2,128.15

-4,026.14

-541.94

-689.89

-556.59

WPP Scangroup Semi-Annual Data
	Dec14	Jun15	Dec15	Jun16	Dec16	Jun17	Dec17	Jun18	Dec18	Jun19	Dec19	Jun20	Dec20	Jun21	Dec21	Jun22	Dec22	Jun23	Dec23	Jun24
Retained Earnings	Get a 7-Day Free Trial															-832.24	-689.89	-852.31	-556.59	-804.31

WPP Scangroup Retained Earnings Calculation

Retained Earnings is the accumulated portion of net income that is not distributed to shareholders. Because the net income was not distributed to shareholders, shareholders' equity is increased by the same amount.

Of course, if a company loses, it is called retained losses, or accumulated losses.

WPP Scangroup (NAI:SCAN) Retained Earnings Explanation

Historically profitable companies sometimes have negative retained earnings. This is because they have cumulatively paid out more to shareholders than they reported in profits.

For example, in 2011, Microsoft had negative retained earnings. This does not mean the company lost more money than it made over the years. It just means it paid out more money than it earned.

If a company has negative retained earnings, investors should check the 10-year financial results. They should not assume that negative retained earnings prove a company has generally lost money in the past.

Of course, many companies with negative retained earnings have indeed lost money in the past.

Retained Earnings: Warren Buffett's Secret.

One of the most important indicators of durable competitive advantage. Net earnings can be paid out as dividends, used to buy back shares or retained for growth.

If the company loses more than it has accumulated, retained earnings is negative.

If a company isn't adding to its retained earnings, it isn't growing its net worth.

Rate of growth of retained earnings is good indicator whether it's benefiting from a competitive advantage.

Microsoft is negative because it chose to buyback stock and pay dividends.

The more earnings retained, the faster it grows and increases growth rate for future earnings.

WPP Scangroup Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Communication Services » Media - Diversified » WPP Scangroup Ltd (NAI:SCAN) » Definitions » Retained Earnings

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Traded in Other Exchanges

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Address

Valley Road, Upper Hill, The Chancery, 5th Floor, P.O. Box 34537, Nairobi, KEN, 00100

Website

https://www.wpp-scangroup.com

WPP Scangroup Ltd is a company based in Kenya which is engaged in the provision of marketing communication services. The principal activity of the company includes the provision of integrated marketing communication services, which consolidates six disciplines including advertising, branding, consulting, media investment management, advertising research, public relations, digital advertising and specialty communications. Geographically, the company derives a majority of its revenue from Kenya.

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