Kenya car retailer CMC first-half pretax profit drops 59 pct

Newswire

NAIROBI, May 30 (Reuters) - Kenyan car retailer CMC Holdings posted a 59 percent drop in half-year pretax profit, blaming it on low demand in the period before the east African country's presidential elections in early March. The firm, which has exclusive distribution rights for Ford in local and regional markets, said profit fell to 221 million shillings ($2.6 million) in the six months to March 31. "High interest rates in 2012 and elections in Kenya in ...

REGISTER NOW

To access this content simply register below now.
Registering is easy and allows you to:

  • Access all WardsAuto.com public content and newswire stories
  • Participate in forums
  • Comment on articles
  • Sign up for e-newsletters
  • And much more!
     

Already registered? here.
Connect With Us

Sponsored Introduction Continue on to (or wait seconds) ×