KENYA – Bamburi Cement Group, an industrial company specialising in cement and concrete, has delivered improved profitability for the full year ended December 2019, posting a 17% jump in profit before tax to KSh0.73 billion (US$6.88m) as compared to KSh0.62 billion (US$5.85m) in 2018. The improved profitability was largely driven by cost cutting and optimization initiative undertaken by the Group under the “Building for Growth” strategy. It also recorded a 32.7 per cent drop in net profit due to decline in the Kenya cement market, lower selling prices and the impairment…
Read MoreBamburi Cement records a 17% profit after tax for 2019 full year
