Bamburi Cement posts 88% drop in 1H profits
Kenya-based Bamburi Cement Ltd reported a profit of KES95m (US$0.79m) for the January-June 2022 period, 87.7 per cent down from KES776m in the 1H21. ...
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Kenya-based Bamburi Cement Ltd reported a profit of KES95m (US$0.79m) for the January-June 2022 period, 87.7 per cent down from KES776m in the 1H21. ...
NAIROBI, Kenya August 25 -- Bamburi Cement Group has recorded a Sh95million profit for the half year ended June 2022, an 87.7 per cent decline from Sh776 Kenya breaking news | Kenya news today |
Bamburi Cement Group has announced a net profit of Ksh. 1.38 billion for the period ended 2021. This represents a 22.2% rise in profitability as compared to the previous year.
Bamburi Cement Plc has announced Sh1.3 billion in dividend for the year ended last December after increased sales lifted its profit by 22.2 percent.
Sanlam attributes the loss to provisioning on settling high claims & the one-off forex losses, in a year marred by the COVID-19 pandemic.