Hima Cement sale shines light on Uganda tax regime
The total acquisition cost of Hima Cement stood at $120 million, according to a corporate notice previously issued by Bamburi Cement.
Source: theeastafrican.co.ke
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The total acquisition cost of Hima Cement stood at $120 million, according to a corporate notice previously issued by Bamburi Cement.
This weighed down a 160 per cent profit after tax earned by the Kenyan unit for the year.
Listed cement maker says net earnings for 2023 will be lower by at least 25 percent.
This attributed to the one-off settlement of outstanding tax liabilities in Uganda
Bamburi Cement completes divestment of Hima Cement