Bamburi Cement profits hit Sh5.8b despite slow economy

Growth in sales volumes in both the domestic and foreign markets have boosted Bamburi Cement’s profit by 50.4 per cent to Sh5.8 billion for the full year ending December 31, 2015. Announcing the results, Group MD Bruno Pescheux said the profits were achieved despite slowing of the domestic economy in the last quarter of last year.

“The 2015 market conditions were more favourable compared to 2014, with stable micro-economic conditions for most of the year in both the domestic and regional markets,” he said.

The company saw its operating expenses rise to Sh5.2 billion, a 29 per cent rise from the Sh4 billion in 2014.