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Portland Cement nearly halves profit after asset valuation gain dips Sh1bn
Entrance to the East Africa Portland Cement factory in Athi River. PHOTO | FILE
East African Portland Cement Company (EAPCC) has announced a steep drop in net profit for the full-year ended June attributed to a Sh1 billion fall in the re-valuation gain of its assets.
The State-owned listed firm’s net profit for the financial year stood at Sh4.2 billion, representing a 42.1 per cent drop from the Sh7.2 billion it reported last year.
