Bamburi Cement’s 2015 pretax profit rises
Published by Joseph Green,
Editor
World Cement,
Reuters are reporting that Kenya's Bamburi Cement posted a 46% rise in full-year pretax profit to US$83.51 million, helped by increased sales and investment income and foreign exchange gains.
The company said in a statement that its turnover rose 9% to 39.2 billion shillings.
Bamburi announced that it made a foreign exchange gain of 104 million shillings from a loss of 170 million shillings in 2014, while investment income rose to 374 million shillings from 349 million shillings.
Earnings per share increased to 14.49 shillings from 9.80 shillings.
It recommended a dividend of 7.00 shillings per share, up from 6.00 shillings in 2014.
Edited from source by Joseph Green. Source: Reuters
Read the article online at: https://www.worldcement.com/africa-middle-east/11032016/bamburi-cement-2015-pretax-profit-rises-677/
You might also like
World Cement Podcast
In the latest episode of the World Cement Podcast, Senior Editor David Bizley is joined by Dr Andrew Minson of the GCCA to discuss the ins and outs of the recently launched Low Carbon Ratings (LCR) system.
Queens Carbon secures US$10M in seed funding for low carbon cement
Backed by Clean Energy Ventures and Buzzi Unicem USA, Queens Carbon will leverage funding to scale its energy-efficient cement production platform.
