ARM Cement posts 12 percent rise in 2013 pretax profit
01 April 2014, 09:41
Nairobi - ARM Cement Ltd, Kenya's second-biggest cement producer, reported a 12 percent increase in full-year pretax profit, helped by a vibrant economy attracting foreign companies to build factories.
ARM, which trails Bamburi Cement Ltd in capacity, also took advantage of a boom in construction to house a burgeoning middle class.
Last year, pretax profit reached 2 billion shillings ($23.17 million) and earnings per share increased to 2.73 shillings from 2.52 shillings, the company said in a statement.