×
App Icon
The Standard e-Paper
Join Thousands Daily
★★★★ - on Play Store
Download App

East Africa Portland Cement’s after-tax loss hits Sh970million

The East Africa Portland Cement in this undated photo. picture; courtesy

NAIROBI, KENYA: East African Portland Cement has plunged into deep financial trouble after recording Sh970 million loss after tax in half year ended December 31.

The loss is four times what it made same period in 2016. In a newspaper notice the company consoles itself through its enormous resources in the form of idle and fully mined prime parcels of land which it plans to generate value out of.

Get Full Access for Ksh299/Week.
Uncover the stories others won’t tell. Subscribe now for exclusive access
  • Unlimited access to all premium content
  • Uninterrupted ad-free browsing experience
  • Mobile-optimized reading experience
  • Weekly Newsletters
  • MPesa, Airtel Money and Cards accepted
Already a subscriber? Log in