LafargeHolcim - September 2018
LafargeHolcim’s Kenyan subsidiary Bamburi Cement has announced a first-half turnover of KES18,556m (EUR151.08m), an easing of 0.2 per cent, while the trading profit fell by 56.2 per cent to KES1200m (EUR10.21m) and the pretax profit dropped by 72.2 per cent to KES700m (EUR1.16m). Capital expenditure in the period amounted to KES1800m (EUR15.2m), the majority of which was spent on capacity expansion. In Kenya the market was some eight per cent lower than a year earlier, while in Uganda the result was negatively affected by production difficulties, competitive pressures and a reduction in government infrastructure investment.
