East African Portland Cement posted a net loss of KES386m (US$4.32m) for the year ended June 30, due to price competition, high staff costs and the weakening shilling.
The Kenyan cement producer posted a net profit of KES1.7bn a year earlier.
The company said its administrative costs had gone up by KES700m following a restructuring of its management, staff compensation and an increase in staff gratuity, Reuters reported.
Siam City Cement plans Hon Chong expansion
Siam City Cement PLC (SCCC) is considering an expansion of its Hon Chong cement plant in Vie...