EAPCC swings to full-year profit, Kenya

East African Portland Cement Co (EAPCC) has posted a profit for the full-year ending June 2013, having recorded a loss in the same period of last year.

The company, in which Lafarge and Bamburi Cement each have a stake, reported that profit after tax rose to KES1.7bn (US$20m) compared to a net loss of KES972.7m the year before, the Nairobi Securities Exchange said on Friday.

Sales increased by 8.2 per cent YoY to KES9.2bn while the cost of sales fell by 6.9 per cent. “This was due to sustained marketing campaigns and improved supply of cement to the market, and cutting on operational costs,” said Kepha Tande, managing director of EAPCC.