Bamburi Cement Group has today published its half year unaudited Financial Statements where it posted strong growth in both topline and pretax profit. Compared to first half of 2020, topline grew by 21% while pretax profit grew more than five times over, to Kes 1.1 billion, up from Kes 213 million reported in the same […]
Tag: XNAI_BAMB
Bamburi Profit Rises 416% as Market Recovers From Covid-19
A truck leaves the Bamburi Cement factory. PHOTO | FILE Bamburi Cement Plc’s profit rose 416% in the first half of 2021, with turnover rising by nearly a quarter as domestic and export markets recovered from the adverse effects of Covid-19. The company said on Thursday that its revenue grew 21% in the six months […]
Top 5 Gainers, Losers And Movers At The NSE On Tuesday
Top gainers The top 5 gainers of the day at the Nairobi Securities Exchange (NSE) were Stanbic Holdings, Stanlib Fahari Income – REIT, Sasini, Bamburi Cement, and Carbacid Investments. Stanbic Holdings gained 3.76 percent at the price of 89.75 shillings per share followed by Stanlib Fahari Income – REIT with 2.65 percent at the price […]
The lowest priced cement manufacturer in Kenya
Getting the lowest priced cement in Kenya is one of the key factors that can lower the overall cost of a building project and so here is an indication of the current price of the key brands available in the market today. The price of a 50kg bag of normal cement in Kenya has in […]
Cement Firm Surrenders Sh6bn Land to Stop KCB Auctioneers
Auctioneers hammer. PHOTO | FILE East Africa Portland Cement Company has surrendered to KCB Bank a parcel of land that was used to secure a Sh3.3 billion loan from the lender as it seeks to stop a looming auction. The cash-strapped cement company has been struggling to find a buyer for 2,076 acres of land […]
Bamburi Cement changes name to ‘Bamburi Cement PLC’
Bamburi Cement has changed its name from Bamburi Cement Limited to Bamburi Cement PLC, following registration of the new name in line with provisions of the Section 53 of the Companies Act 2015, that requires companies that are both a limited company and a public company to be registered with a name that ends with […]
Kenya: Mining Firm Owners Feud Over Missing Sh2.5bn
The perfect storm is brewing at mining company Athi Stores Ltd as directors fight over Sh2.5 billion allegedly embezzled from the firm, while the taxman seeks his pound of flesh and disgruntled workers demand Sh60 million in terminal benefits. The boardroom wrangles pit two families against each other in what could set the stage for […]
CEOs lose bonuses amid Covid fallout
Stanchart chief executive Kariuki Ngari (left), NCBA boss John Gachora (centre) and Absa’s Jeremy Awori. FILE PHOTOS | NMG Ten Nairobi Securities Exchange-listed firms cut their executive bonuses by Sh284 million last year in the wake of reduced profitability that was largely caused by the economic fallout from the Covid-19 pandemic. KCB , Absa Bank […]
CEOs lose bonuses amid Covid fallout
Stanchart chief executive Kariuki Ngari (left), NCBA boss John Gachora (centre) and Absa’s Jeremy Awori. FILE PHOTOS | NMG Ten Nairobi Securities Exchange-listed firms cut their executive bonuses by Sh284 million last year in the wake of reduced profitability that was largely caused by the economic fallout from the Covid-19 pandemic. KCB , Absa Bank […]
Top 5 Cement Firms in Kenya
A truck leaves the Bamburi Cement factory. PHOTO | FILE The Kenyan construction industry has experienced speedy growth in the past decade driven by a huge demand for housing and the government’s focus on mega infrastructure projects . Thriving in tandem with the sector, the production of cement rose from a low of 154,781 tonnes […]