East Africa Portland Cement has returned to profitability to post 377 million shillings in pretax profit from 247 million shillings previously. Revenues however dropped by 8% to 4.5 billion shillings from 4.9 billion for the half year ended 31st December. Chairman Mark ole Karbolo says the company is looking ahead to further growth having suffered a staff strike last year that saw its shares suspended from trading at the NSE.
Kenya: Cement Company Returns to Profitability
Copyright © 2013 The Star. All rights reserved. Distributed by AllAfrica Global Media (allAfrica.com). To contact the copyright holder directly for corrections — or for permission to republish or make other authorized use of this material, click here.
AllAfrica publishes around 2,000 reports a day from more than 130 news organizations and over 200 other institutions and individuals, representing a diversity of positions on every topic. We publish news and views ranging from vigorous opponents of governments to government publications and spokespersons. Publishers named above each report are responsible for their own content, which AllAfrica does not have the legal right to edit or correct.