"Profit attributable to shareholders remained largely the same ... despite increased sales revenues, due to a tax expense incurred for the year, as opposed to a tax credit in 2009," chairman Muchadeyi Masunda said on Thursday.
The company said basic 2010 earnings per share were flat at 0.03 cents. The company was hit by a US$1.05m tax expense which lowered profit to US$2.68m from US$2.69m in 2009.
Revenue rose 47 per cent to US$41.7m, boosted by a 55 per cent rise in domestic sales. Masunda said local demand for cement would remain strong, anchored by growth in mining and construction.
