East African Portland Cement Company (EAPCC) #ticker:PORT has negotiated a restructuring of its loan with KCB Group #ticker:KCB to ease repayment pressure as lower sales deepened the firm’s net loss for the six months to December nearly four-fold to Sh969.6 million.
The listed cement maker, which has consistently reported losses mainly attributed to mismanagement, closed the year with long-term loans of Sh3.6 billion compared to Sh1.8 billion reported in 2016.
