Bamburi Cement full-year pretax profit rises 46%
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...
Kenya
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Kenya: ARM Cement reportedly nears deal with foreign investor on stake
Kenyan producer ARM Cement is in the “final lap of concluding investment details with a potential investor,” CEO, Pradeep Paunrana, told Bloomberg in a recent interview. In De...
Kenya: EAPCC issues profit warning
Kenya-based East African Portland Cement Co (EAPCC) expects its profit to fall by more than a quarter in the financial year ending June 30 citing year-earlier gains on land sal...
Kenya November 2015 demand down 5.5%
Cement consumption in Kenya fell by 5.5 per cent from 520,833t in October to 492,340Mt in November 2015, according to the Kenyan Bureau of National Statistics. Output decreas...
Kenya: Bamburi railway supply boost
Bamburi Cement says it has earned KES1bn (US$9.8m) from supply of cement to the standard gauge railway (SGR) contractor, China Road and Bridges Corp (CRBC) according to a repor...
Kenya: UltraTech in the race to buy stake in ARM?
UltraTech Cement is said to be eyeing a controlling stake in ARM Cement of Kenya, a Nairobi-based newspaper reported. According to the report, the Indian cement producer Ultr...
ARM in talks with international institutional investor
Kenyan producer ARM Cement is in ongoing talks with a strategic investor to support its expansion plan. The investment will be in the form of preference shares which may be con...
Kenyan output and demand growth slows
During the first 10 month of the year, Kenyan cement manufacturers increased output by 10.58 per cent YoY, The Star (Kenya) reported citing latest provisional data by the Kenya...
Kenya: ARM seeks KES10.7bn in private bond
ARM Cement is set to raise up to KES10.7bn (US$105m) in debt funding from private investors, to retire short-term debts, Kenya's Business Daily newspaper reported . The ceme...
ARM swings to nine-month net loss, Kenya
Athi River Mining (ARM) posted an after-tax loss of KES469m (US$4.6m) for the nine months to the end of September 2015, largely attributable to the depreciation in regional cur...