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Hotelier TPS Eastern Africa reported first-half 2014 pretax profit down by almost three quarters on Thursday, saying the Kenyan tourist business had been hurt by a spate of militant attacks and travel warnings by several Western nations.
The firm reported pretax earnings of 58.25 million shillings ($664,200) in the first six months of this year, down from 205.08 million in the same period of 2013. It said its Tanzania and Ugandan businesses delivered good performances.
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