Tanzania’s TPCC posts 3% net profit rise in 2015 on higher cement demand

Tanzania Portland Cement Company (TPCC) achieved a 3% year-on-year net profit rise in 2015 to TZS 56.2 billion (US$ 25.76 million). TPCC's profit grew thanks to a very encouraging 22% increase in sales. Moving forward, demand for cement in Tanzania and the East African region as a whole is expected to rise, as reported in a recent addition of Aggregates Business International.

April 18, 2016 Read time: 1 min

Quarry Products

UltraTech Cement’s 9% net profit rise for year

India-based UltraTech Cement has achieved an 11% year-on-year increase in net profit for the quarter, which ended March, 2016, during which it has collected INR 6.81 billion (€90.94 million/US$102.16 million) against the year-ago INR 6.15 billion. On a full-year basis, the company's net profit amounted to INR 22.87 billion by the end of March 2016 following a 9% year-on-year rise. The quarter and the year under review saw net sales grew 5% to INR 64.36 billion and 5% to INR 252.81 billion respectively.

March 14, 2016

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 East African Portland Cement (EAPCC)