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UAP’s profit rises 46.5pc to Sh1.21b

UAP Old Mutual Group CEO Peter Mwangi addressing investors during the group's announcement of the financial results for the year 2017. The group reported a before tax profit of Sh2.002billion. [Standard]

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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