ARM Cement issues profit warning

ARM CEMENT CEO PRADEEP PAUNRANA. FILE PHOTO | NMG 

ARM Cement #ticker:ARM is now the latest firm to issue a profit warning for the 2017 financial year, meaning that the NSE-listed company will post a loss of at least Sh3.5 billion.

According to a notice sent Monday, the cement maker anticipates that its last year’s earnings will sink further into the red by at least 25 per cent.

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