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Kenya's ARM Cement swung into a first-half pretax loss of 473.52 million shillings ($4.6 million) from a profit of 1.25 billion shillings, the firm said on Thursday, but said it could improve its performance in the second-half of 2015.
ARM said in a statement that financing costs rose to 627.04 million shillings in the period to end-June from 220.97 million shillings due to inclusion of costs for construction of a clinker plant in Tanzania where it also operates cement plants.
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