NAIROBI (Reuters) – Kenyan tyre maker Sameer forecast strong profit this year after its half-year figure more than doubled due to a 17 percent drop in the cost of raw materials as well as earnings from the sale of a piece of land. The company said on Thursday pretax profit jumped 145 percent to 316 million shillings in the first half, higher than its full-year 2012. It earned 255 million shillings from the sale of a piece of land it had leased out. The tyre maker cautioned that it still faced significant pressure from cheaper imported tyres. …
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