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Bamburi cement's profits drop

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Cement manufacturer Bamburi Cement has registered a 36.3 per cent drop in after-tax profit to 1.8 billion Shillings for the first six months of the year.The cement firm's turnover during the period declined by 8.2 per cent to 17.5 billion Shillings.The firm managed to put a lid on its operating costs which reduced marginally by just 0.6 per cent to 14.9 billion Shillings.Bamburi Cement attributes the dip in performance to a difficult business environment characterized by a contracting market, low private sector investment and the impact of drought conditions.Bamburi Cement Limited is a subsidiary of the global conglomerate in building materials, LafargeHolcim.

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