Kenya's Standard Group 2014 profit up 8 pct on advertising boost

Kenyan media company Standard Group posted an 8.4 percent rise in pretax profit for 2014 due to growth in print, TV and radio advertising. The publisher of Kenya's oldest and second-largest daily paper, the Standard, and an operator of a radio and TV station, said profit before tax climbed to 326 million shillings ($3.6 million), while revenue nudged marginally lower. Standard Group said it was optimistic about 2015 and wants to tap into Kenya's fast economic growth, seen at 6.9 percen