Athi River Mining (ARM) Cement #ticker:ARM has posted a net loss of Sh2.80 billion for the year to December 2016, a slight improvement from the Sh2.89 billion reported in the previous period as fierce competition in the industry saw its sales take a tumble.
ARM, which is East Africa’s second-biggest cement producer after Bamburi #ticker:BAMB, recorded a 13.1 per cent drop in group revenue to Sh12.79 billion compared to Sh14.73 billion in 2015.
