Longhorn sees pretax profits slip

Nairobi; Kenya: Local bok publisher Longhorn said pretax profit slipped 2.7 per cent to Sh147 million ($1.7 million) in the year through June, saying it faced heavy distribution costs as it sought to build its brand in regional markets.

The company said its strategy to boost export volumes, provide quality learning materials for schools and expand its product range would help sales growth and profitability in future.