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EA Cables back to profit territory despite low sales
The company that recently managed to restructure a huge impending debt saw interest expenses halve from Sh279 million to Sh109 million. FILE PHOTO | NMG
East African Cables #ticker:CABL has jumped back to profits despite a 19 percent decline in turnover, posting net earnings of Sh634 million in the six months to June from a loss of Sh303 million last year.
Turnover or the money the business generated from daily activities came at Sh698 million from Sh872 million in a similar period last year.
