(Last Updated On: August 28, 2015)
Cement manufacturer Bamburi Cement posted a bumper 85.9% growth in half year profit due to high sales growth and lots of cost cutting. Net profit stood at Ksh3 billion as compared to Ksh1.6 billion the previous year.
Sales revenue grew by 11.7% to Ksh19.3 billion while costs dropped drastically though staff reduction. There was increased demand in the infrastructure sector in Kenya and Uganda.
An interim dividend of Ksh6 per share was declared and it will be paid out by October 30th. Bamburi Cement did not have any loan payment obligation hence zero finance cost.