ARM’s cement plant in Tanga, Tanzania. The cement manufacturer has put out a profit warning, indicating that full-year results for 2017 will be at least 25 per cent lower than the earnings it realised in 2016. FILE PHOTO | NATION
Regional cement manufacturer ARM last week put out a profit warning, indicating that full-year results for the period ending December 31, 2017 will be at least 25 per cent lower than the earnings it realised in 2016.
In 2016, the company posted a net loss of $27.4 million, so the profit warning is a signal to shareholders to brace for bigger losses.
