Kenya: ARM Cement to recover from US$4.6m 1H15 loss
Kenya's ARM Cement stooped to a first-half pretax loss of KES473.52m (US$4.6m), the firm said on Thursday, but said it expected to improve its performance in the 2H15. "In spite...
Kenya
359 posts · Page 27 of 36
ARM Cement ratings affirmed, Kenya
Global Credit Ratings has today affirmed the national scale ratings assigned to Kenyan cement producer ARM Cement Ltd of A(KE) and A1(KE) in the long term and short term respect...
Kenya cement prices seen rising on weak shilling
Cement prices in Kenya are likely to rise due to a weak shilling which manufacturers say has increased spending on imported equipment and inputs, local press report. Cliinker, c...
Savannah welcomes new presidential directive
Kenya's Savannah Cement has welcomed a presidential directive, seeking to ensure that public institutions source 40 per cent of their requirements from local manufacturers, sayi...
Double-digit growth in Kenyan demand and output
Kenya’s National Bureau of Statistics Data shows cement production stood at 5.88Mt in 2014, up 16.27 per cent from the 5.05Mt recorded a year earlier. Cement consumption in 2014...
Bamburi upbeat on outlook
Kenya-based Bamburi Cement’s operating growth increased by 5.8 per cent last year to KES5.5bn (US$60m) and is upbeat on the outlook for both local and export sales. “We are very...
Seruji Ltd acquires 60% stake in Savannah Cement
The Competition Authority of Kenya has approved the proposed acquisition of 60 per cent of the shareholding of Savannah Cement Ltd by Seruji Ltd, according to a Gazette notice d...
ARM posts flat full-year pretax profit
Kenya's ARM Cement posted a pretax profit of KES2.02bn (US$22m) for 2014, up one per cent YoY. The cement maker, which also has operations in Tanzania, said its revenue for the ...
Bamburi Cement pretax profit grows by 5.5%
Bamburi Cement of Kenya yesterday announced a 5.5 per cent increase in pretax profit from KES5.5bn (US$1.8bn) to KES5.8bn in its full-year results for 2014. Group’s turnover inc...
East African Portland Cement posts pretax loss
East African Portland Cement Co (EAPCC) posted a first-half loss after a maintenance shutdown of its packing and clinker units. The company reported a pretax loss of KES124m (US...