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
The World Cement Podcast - CleanTech & Venture Capital
Our guest for this episode of the World Cement Podcast is Alfredo Carrato, Venture Capital Advisor for CEMEX Ventures. Listen in to the conversation as World Cement's Senior Editor, David Bizley, and Alfredo discuss the role of venture capital and cleantech in enabling the cement industry's green transition.
Tune in to the World Cement Podcast on your favourite podcast app today.
