2024 Agm Minutes
2024 Agm Minutes
Report Summary
Bamburi Cement Plc's 73rd AGM saw a strong financial performance for 2023, with revenue up 6.3% and Profit After Tax soaring by 160%, resulting in a KES 2 Billion dividend payout. The company attributed this success to strategic efforts and resilience against challenges like high taxes and currency depreciation. Key strategic pillars, particularly "Sustainability" with its focus on green growth, decarbonization, circular economy, and community initiatives, were highlighted. Shareholder questions addressed dividend details, concerns over new tax proposals, future plans for Hima Cement sale proceeds, and project updates like the new clinker line. All proposed resolutions, including director re-elections and auditor appointments, were approved.