EAPCC results dampened by maintenance work

East African Portland Cement Company (EAPCC) has reported its results for the six months ended December, which show the impact of a maintenance shutdown of its packing and clinker production units, during which the company had to purchase clinker from elsewhere. The Kenyan company reported a loss of KES124 million compared to a profit of KES171 million in the same period of the previous year. Total revenues were down 9.6% and the cost of sales increased 8%, while sales volumes fell 7%. A price reduction of 5% also had an impact on sales revenue.

The plant refurbishment has now been completed and a new product line is due to be launched in the second half of the year. The company is also building a new packing line, which is due to be commissioned in 2H15.

Edited from various sources by Katherine Guenioui

Sources:

• Reuters
• The Standard Digital
• AllAfrica

Read the article online at: https://www.worldcement.com/africa-middle-east/02032015/eapcc-results-dampened-by-maintenance-work-433/