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UAP profit rises 46.5 per cent to Sh1.21b

UAP Old Mutual Group Chief Executive Peter Mwangi briefs investors and journalists in Nairobi on Wednesday.

Closing 100 loss-making accounts of some of UAP Holdings’ biggest clients helped the firm to almost double its profit last year.

UAP’s full-year net profit for 2017 rose to Sh1.21 billion from Sh826 million in 2016, representing a 46.5 per cent.

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