× Business BUSINESS MOTORING SHIPPING & LOGISTICS DR PESA FINANCIAL STANDARD Digital News Videos Health & Science Lifestyle Opinion Education Columnists Moi Cabinets Arts & Culture Fact Check Podcasts E-Paper Lifestyle & Entertainment Nairobian Entertainment Eve Woman Travelog TV Stations KTN Home KTN News BTV KTN Farmers TV Radio Stations Radio Maisha Spice FM Vybez Radio Enterprise VAS E-Learning Digger Classified Jobs Games Crosswords Sudoku The Standard Group Corporate Contact Us Rate Card Vacancies DCX O.M Portal Corporate Email RMS

Longhorn sees pretax profits slip

By Reuters | September 29th 2014
By Reuters | September 29th 2014

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.

Revenue in the year to June climbed 35 per cent to Sh1.40 billion, helped by exports to Malawi, Rwanda, Tanzania and Uganda, as well as sales in Kenya. Export sales amounted to 36.5 percent of total revenue, it said.

The company said it would pay a final dividend of Sh1.20 per share.

Share this story
Declare Maize Lethal Necrosis national disaster, Uhuru told
Trans Nzoia Senator Henry ole Ndiema has asked President Uhuru Kenyatta to declare Maize Lethal Necrosis (MLN) a national disaster.
CS Najib Balala summoned over stalled project
There have been reports of cut-throat competition between agencies under the Ministry of Tourism.