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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.

- Reuters


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