×
App Icon
The Standard e-Paper
Kenya’s Boldest Voice
★★★★ - on Play Store
Download App

Auditor casts doubts on Kenya's ARM Cement's viability after losses

ARM Cement’s independent auditor has cast doubt on the company’s survival as a going concern after losses mounted last year.

The company, Kenya’s second-largest cement maker behind LafargeHolcim’s Bamburi Cement, sunk into losses in recent years after financing costs associated with an expansion drive weighed it down.

Get Full Access for Ksh299/Week.
Bold Reporting Takes Time, Courage and Investment. Stand With Us.
  • 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