Bamburi Cement full-year pretax profit rises 46%

Bamburi Cement full-year pretax profit rises 46%
11 March 2016

Kenya's Bamburi Cement posted a 46 per cent rise in full-year pretax profit to KES8.46bn (US$83.51m), helped by increased sales and investment income and foreign exchange gains.

The LafargeHolcim group company said turnover rose by nine per cent to KES39.2bn.

Bamburi said it made a foreign exchange gain of KES104m from a loss of KES170m in 2014, while investment income rose to KES374m from KES349m.

"Turnover increased ... driven by increased demand in the key domestic markets in Kenya and Uganda resulting mainly from growth in large infrastructure projects and contractor segments, despite some slow down in domestic market in the last quarter," the cement producer said.

Published under Cement News

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