Cement News tagged under: East African Portland Cement
Kenya: EAPCC profits down 42%14 November 2016, Published under Cement NewsEast African Portland Cement Company (EAPCC) reported a 42 per cent drop in full-year net profit as a result of increased operating costs. Financial statements recently published show the company’s net profit fell from KES7.15bn (US$70.3m) in the 12 months ending June 2015 to KES4.14bn in the year ended June 2016. This drop in net profit has been largely attributed to an increase in operational losses, which climbed to KES1.58bn from KES557.5m. The company issued a profit warning in Fe... |
East African Portland Cement shares reinstated, Kenya12 April 2012, Published under Cement NewsKenya's Capital Markets Authority has re-admitted shares of East African Portland Cement after a two-month suspension, saying doubts about the firm's ability to run its business had been quashed by continuous operations over the period. The shares had been suspended from trading on 17 January, to protect shareholders from a dispute between its board and the government, a 25 per cent shareholder that wanted to dissolve the board, citing an improper tender process for clinker. The High Court... |