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East African Cables posts 2015 loss on forex, output disruptions

East African Cables reported a loss of 1.09 billion shillings ($10.75 million) for 2015 on Wednesday, but said a strong order book due to booming energy and construction projects in the region could help improve its performance.

The firm, which makes cables for the utility and telecoms industries and households, said disruptions to output as it upgrades a factory in Kenya, as well as foreign exchange losses and depressed demand due to political uncertainty all hurt its performance for the year.

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east cables