Uganda tax penalty cuts Bamburi Cement net profit to Sh88 million

A cement truck leaves a Bamburi factory in Mombasa. FILE PHOTO | NMG

Bamburi Cement's net profit for the half year ended June declined by 7.4 percent to Sh88 million on the impact of millions of shillings used to settle a tax claim in Uganda.

The cement maker’s latest profit after tax was a decline from Sh95 million it posted in a similar period last year despite the turnover growing by 10.6 percent to Sh22.26 billion.

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