The largest manufacturer of cement in East Africa Bamburi Cement posted an 87.76 percent decline in net profit in the first half of the year ended June on the back of higher manufacturing costs.
The publicly-traded cement producer, which also has operations in Uganda said on Thursday its net income in the period dropped by Sh681 million to Sh95 million. The company had reported a net profit of Sh776 million in a similar period last year.
