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Bamburi cuts dividend payout by half as net profit dips 36pc

A section of Bamburi cement factory in Mombasa. FILE PHOTO | NMG 

By  CONSTANT MUNDA

Correspondent

Cement manufacturer Bamburi #ticker:BAMB has more than halved interim dividend payout to shareholders after it suffered a 36.21 per cent dip in half-year net profit for the period ended June 30.

The firm, listed on the Nairobi Securities Exchange #ticker:NSE , attributed the profit drop to low demand from a softening construction industry and weak prices due to fierce competition by producers.

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