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Standard Group pretax profit up 14 pc

Nairobi, Kenya: Kenyan media company Standard Group Limited posted a 14 percent rise in full-year pretax profit on increased circulation and advertising, and was positive on this year's prospects after presidential election passed off peacefully.

The publisher of Kenya's oldest and second-largest daily, The Standard, and operator of KTN  and Radio Maisha said profit rose to Sh265 million ($3.2 million) on revenue up 14 percent at Sh3.6 billion.

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