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.
The Star (Nairobi)
Kenya: Cement Company Returns to Profitability
By Joan Wairimu, 25 February 2013Copyright © 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.
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