EAPCC bounces back
26 February 2013, 10:48
Nairobi - East African Portland Cement Company (EAPCC) has recorded a half year net profit of KES 327 million ending December last year compared to a net loss of KES 376 million in the previous period.
Speaking to Capital News, Kephar Tande, EAPCC's Managing Director said the profit gains were due to stringent cost effective management efforts that led to an improvement in gross margins from 18 percent to 29.6 percent.
However revenue declined by 8 percent to KES 4.5 billion as a result of challenges experienced by the company last year which took longer to resolve, especially staff unrest in January 2012.
- For more visit Capital News