EAPC full year-loss, 2011 turnaround expected

EAPC full year-loss, 2011 turnaround expected
Published: 06 October 2010

East African Portland Cement Ltd. posted a net loss of KES292.4m (US$3.6m) in the year through June 30 compared with a year-earlier profit of KES1.83bn, the Nairobi-based cement producer said.

Fiscal full-year sales rose to KES9.41bn from KES8.1bn a year earlier, it said in a statement distributed today by the Nairobi Stock Exchange. 

“Market demand for cement remains strong and the company expects improved production and sales volumes in the coming year,” East African Portland Cement said.