Bamburi Cement Half Year Results 2019
Bamburi Cement Half Year Results 2019
Report Summary
Bamburi Cement PLC faced significant challenges in H1 2019 with flat turnover due to Kenya's contracted cement market and reduced SGR project uptake. Operating profit fell 72% to KES 0.3B from KES 1.2B, impacted by higher depreciation from expansion projects, increased energy and logistics costs, and Rwanda market access issues. Despite profit before tax declining to KES 0.02B, net comprehensive income improved to KES 0.4B (from KES 0.3B) due to tax benefits from capacity expansion. No interim dividend was recommended, unlike KES 1.00 per share in 2018.