Drop in revenues deepens Portland Cement net loss fourfold

The East African Portland Cement Company plant in Athi River. FILE PHOTO | NMG

East African Portland Cement Company (EAPCC) #ticker:PORT has announced that its net loss for the six months to December has worsened nearly four times to Sh969.6 million on lower revenues.

The financially struggling cement maker saw its revenues drop by Sh660 million to Sh3.06 billion, with management attributing this drop to the politics-driven slowdown of the economy last year.

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