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Tuesday, February 13, 2007

Bamburi Cement Pre-tax Profit hit 3.8Bn in 2006

Bamburi Cement posted 3.8bn pre tax profit in 2006Written By:Emmanuel Toili , Posted: Tue, Feb 13, 2007

Bamburi Cement has posted a pre - tax profit of 3.8 billion shillings for the year ending December 31, 2006.

Chairman, Richard Kemoli attributed the high profits on the ability for the company to export cement products in the region.
Bamburi is among the main cement manufacturers in the East African region.
The company has grown its market in northern part of Tanzania, Southern Sudan, Democratic Republic of Congo, Rwanda and Burundi.
Kemoli said the company turnover grew by 10 per cent to stand at 16.7 billion shillings. Speaking at a news conference, Kemoli said shareholders would now earn 1 shilling and 50 cents dividend per share.
The company says a devastating drought at the beginning of last year saw the amount of disposable incomes dwindle as productivity in key sectors slowed down in the region's economies.

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