Kenyan book publisher Longhorn reported a 78 percent increase in its pretax profit for the six months ended in December. The growth was driven by the company's expansion into regional markets to supply school textbooks. Longhorn reported a pretax profit of 43.1 million Kenyan shillings.
However, the company said the introduction of value-added tax (VAT) on books in Kenya in September had marked a major setback, but that business had continued to grow nonetheless. Furthermore, Longhorn
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