Rwanda cement maker Cimerwa doubles net profit to $3.9m

Cimerwa Cement has reported a $4 million profit in the nine months to September up from $2 million last year.

Cimerwa Cement has reported a $4 million profit in the nine months to September up from $2 million last year. PHOTO | FILE 

Rwanda cement maker Cimerwa’s net profit for the nine months to September doubled to $3.9 million from $1.89 million in the same period last year driven by its new route-to-market strategy.

The firm’s cement sales revenues rose to $6.5 million from $6 million the previous year.