Bamburi Cement Ltd has announced a twelve percent increase in revenue in its half year results for the period January to June 2015 compared to the previous year. Group turnover for the period under rose to Kshs. 19.3 billion from KShs. 17.3 billion bolstered by strong growth in the infrastructure and contractor segments.
Commenting on the Company’s results, the Board stated "We have made good progress by ratcheting up sales locally and within the region." The growth in operating profits has arisen from growth in sales volumes, a better external cost environment, together with the positive impact of the progressive cost initiatives and process improvement measures that we have adopted across our operations in both countries.
The Bamburi Cement Group posted an increase in operating profit of Kshs. 4 billion compared to last half years Kshs. 2.2 billion. When the operating profit is added to investment income and large foreign exchange gains on dollar denominated liquid assets, the cement manufacturer’s pretax profits improved to Kshs. 4.5 billion from Kshs. 2.3 billion.
"We are optimistic that the business environment will re remain stable in the second half of the year," stated Managing Director Bruno Pescheux.
Adapted from press release by Joseph Green
Read the article online at: https://www.worldcement.com/africa-middle-east/01092015/bamburi-cement-posts-increase-revenue-471/