Bamburi Cement Half Year Results 2017
Bamburi Cement Half Year Results 2017
Report Summary
Bamburi Cement Limited's H1 2017 results show decreased performance versus 2016. Turnover reached KES 17,535M (compared to KES 19,111M), while operating profit declined to KES 2,456M from KES 4,147M. Profit before tax dropped significantly to KES 2,472M from KES 4,272M. Profit for the period fell to KES 1,848M (from KES 3,045M). The company cited a difficult Kenyan business environment, contracting construction sector, and lower export revenues. However, Uganda operations performed well with strong domestic and export markets.