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Longhorn’s full year earnings up 28.6pc on cost savings

Centum Investment Company Limited chief executive officer James Mworia speaks during the bell ringing to commence trading for Longhorn Publishers at the NSE in Nairobi on May 31, 2016. FILE PHOTO | NMG

By  BRIAN NGUGI

Centum-owned #ticker:ICDC Longhorn Publishers #ticker:LKL has announced a 28.6 per cent rise in profit after tax for the year ended June 30, powered by cost-savings and strong regional sales.

The NSE-listed #ticker:NSE firm’s net profit increased to Sh133.87 million in the period compared with Sh104 million a year earlier, even as its turnover went down marginally.

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Note: The results are not exact but very close to the actual.

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