Bamburi Cement has recorded a Kes 621 million gross profit increase in the six months ending June 2023 compared to Kes 124 million recorded in a similar period last year.
The cement manufacturer has attributed the growth to improved income to cost containment measures that were introduced in the review period.
Bamburi Cement Managing Director Mohit Kapoor noted that the cash generated from operations went up from Kes 1.8 billion to Kes 2.8 billion.
“The 2023 first-half performance is a clear demonstration of our reliance, adaptability, customer focus and operational efficiency. We remain consistent in providing quality products and services through innovation to bolster topline growth as well as maintaining effective cost management measures that have resulted in business stability even with the unforeseen challenging occurrences,” he said.
Further, he remained optimistic about the company’s preparedness to remain profitable as it executes operational strategies.
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Oh his part, Bmburi Cement Chairperson, John Simba stated that the firm's strategies remain top-notch to deliver quality products and services while ensuring shareholder value.
However, its net profit dropped to Kes 88 million from Kes 95 million in the review owing to a tax settlement in Uganda.
