Drop in revenues deepens Portland Cement net loss fourfold
Entrance of The East Africa Portland Cement Factory at Athi River, Kenya. The financially struggling cement maker saw its revenues drop by $6.5 million to $30.1 million for the six months to December 2017. FILE PHOTO | NATION
East African Portland Cement Company (EAPCC) has announced that its net loss for the six months to December has worsened nearly four times to Ksh969.6 million ($9.6 million) on lower revenues.
The financially struggling cement maker saw its revenues drop by Ksh660 million ($6.5 million) to Ksh3.06 billion ($30.1 million), with management attributing this drop to the politics-driven slowdown of the Kenyan economy last year.
