Bamburi Cement – a LafargeHolcim company operating in East Africa – was hit by weak market conditions in 1H18 with earnings down from KES2.7 billion to KES1.2 billion. Earnings were hit by flat turnover, higher power, coal, and raw materials costs, as well as balance sheet write-offs in Uganda. With earnings down, pre-tax profit fell […]
A section of Bamburi Cement premises in Mombasa. FILE PHOTO | NMG Bamburi Cement has posted a 78.2 per cent drop in net profit for the half year ended June, weighed down by flat sales and higher operating costs. Bamburi, which is 58.6 per cent owned by French multinational LafargeHolcim, saw its net profit drop […]
Kenya’s Bamburi Cement has posted a 78.2 per cent YoY drop in net profit for the half-year period ended 30 June, falling to KES399m (US$3.96m) from KES1.83bn. Revenue remained flat at KES18.55m, compared to KES18.58bn of the previous year. The company noted the effects of a contracting market in Kenya on its performance. Meanwhile, in […]
NAIROBI, KENYA, AUGUST 31 ― The Capital Markets Authority (CMA) has extended the suspension of Athi River Mining Limited’s shares from trading on the Nairobi bourse as the cement manufacturer remains under administration. CMA has extended the suspension for another 21 working days after an earlier seven -days suspension issued on August 20. Your Soulmate […]
Cement maker ARM is seeking government approval to mine limestone in five areas within Kilifi County. According to a Kenya Gazette notice published last Friday, the NSE-listed manufacturer is seeking to mine the raw material over 24.9310 square kilometres in the Chonyi, Pangani, Chauringo, Maereni and Mazeras areas. The Ministry of Petroleum and Mining invited […]
The Nairobi Securities Exchange (NSE) said on Monday it had suspended trading of Kenya’s ARM Cement three days after it was put under administration. “The suspension in trading of the company’s shares takes effect from August 20, 2018,” NSE said in a statement. “This suspension shall remain in force for seven (7) working days.” The […]
(Adds details) NAIROBI, Aug 20 (Reuters) – The Nairobi Securities Exchange (NSE) said on Monday it had suspended trading of Kenya’s ARM Cement three days after it was put under administration. “The suspension in trading of the company’s shares takes effect from August 20, 2018,” NSE said in a statement. “This suspension shall remain in […]
Nairobi Securities Exchange CEO Geoff rey Odundo observing daily trading at the bourse on August 22, 2017/ENOS TECHE Capital Markets Authority yesterday suspended Athi River Mining Cement from trading at the Nairobi Securities Exchange after the firm was placed under administration on Friday. A public notice said shares of the cement-maker will remain suspended from […]
(Adds details) NAIROBI, Aug 20 (Reuters) – The Nairobi Securities Exchange (NSE) said on Monday it had suspended trading of Kenya’s ARM Cement three days after it was put under administration. “The suspension in trading of the company’s shares takes effect from August 20, 2018,” NSE said in a statement. “This suspension shall remain in […]
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