East African Portland Cement posts Sh2b profit

BY FAITH  KARANJA

East African Portland Cement Company (EAPCC) recorded a net profit of Sh2 billion for the full year ended June 30, 2013. This is a major turnaround from the previous year’s loss of Sh969 million.

The cement maker attributed the performance to sustained marketing campaigns and improved supply of cement to the markets. Chairman Mark ole Karbolo said the company would continue to play its role in the achievement of vision 2013.

“The turnover increased by 8 per cent over the previous year,” he added during the release of the trading results. The results indicate that the cost of sales reduced by 7 per cent following stringent cost management and rationalisation of operational activities.