Kenya’s Bamburi lifts profit while EAPCC, ARM Cement post loss

Bamburi, the Kenya-based cement manufacturer, reported a 12 months to December 2015 year-on-year increase in group turnover from KES 36 billion (US$355.2 million) to KES 39.2 billion ($383.1 million), attributed to solid growth in the contractor and infrastructure segments.

Additionally, Bamburi’s 2015 recording year net profit of KES 5.8 billion ($56.7 million) was an increase of 50.4% on the same period of 2014.

Meanwhile, two key rivals of Bamburi, state-owned 7705 East African Portland Cement (EAPCC) and ARM Cement, recorded net losses. For the nine months to September 2015, ARM Cement recorded a net loss of KES 469 million ($4.6 million), said to be due mainly to forex losses and finance costs. EAPCC also faced the same problems as ARM Cement, producing a net loss of KES 531 million ($5.2 million) for the six months to December 2015.