East Africa Portland Cement profit drops 71 per cent

East African Portland Cement Company revenue fell 22 per cent to Sh2.14 billion from Sh2.76 billion in 2021. [Wilberforce Okwiri, Standard]

East African Portland Cement Company (EAPCC) has reported a 71.3 per cent drop in profit.

The performance was attributed to a dilapidated cement production plant, which has since been upgraded, increased competition and a drop in the valuation of its properties.