Portland Cement ends 13-year dividend drought

Portland Cement staff at work. 

Photo credit: File | Nation Media Group

East African Portland Cement Plc has declared its first dividend since 2011 after returning to profitability, posting a net profit of Sh1 billion in the year to June 2024.

The cement maker's board has recommended the payment of the first and final dividend, totalling Sh90 million to shareholders on its books as at December 31, to be paid around or on February 28, 2025, if approved.

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