ARM Cement reports improved profit and revenue
Published by Katherine Guenioui,
Editor
World Cement,
Kenya’s ARM Cement reported pre-tax profit of KES1.2 billion in the first half and revenue of KES7.6 billion thanks to strong sales of cement and fertiliser. According to reports, the company’s cement sales rose by 10% in Kenya and by more than a third in Tanzania, a fact the company attributes to a better distribution network.
Further profit growth is expected in the second half thanks to investments to improve operations at the company’s cement plants, which should boost profit margins.
In ARM Cement’s recent Cement Industry Report, the company reported on a growing demand for housing in the East African region, where the population is young and increasingly migrating from rural to urban areas. The report predicts demand in the region will grow to 20 million t within the next few years, while cement capacity is 15.6 million t.
Edited from various sources by Katherine Guenioui
Read the article online at: https://www.worldcement.com/africa-middle-east/18072014/arm-cement-reports-improved-profit-and-revenue-127/
You might also like
The World Cement Podcast
In this special joint episode of the World Cement Podcast, and Cementing Europe’s future, the podcast of CEMBUREAU, David Bizley and Koen Coppenholle take a deep dive into the Clean Industrial Deal and a discussion of what it means for the European cement industry.
Listen for free today at www.worldcement.com/podcasts or subscribe and review on your favourite podcast app.
Shaping The Future Through Shredding
Gary Moore, UNTHA Shredding Technology GmbH, highlights the global momentum behind alternative fuels and the role of advanced shredding in shaping cement’s low-carbon future.
