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


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 ...


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