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East Africa Portland Cement H1 2010 results
Rank: Elder Joined: 9/15/2006 Posts: 3,906
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I see results here http://www.capitalfm.co.ke/busi...orp_downfile.php?id=5574Revenue in the first six months grew by 8 percent; Cost of production was up 18 percent. It seems this counter could be on track to join the cheaper stocks in Industrial sector with P/E of 8. But is the company ran better now?
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Rank: Elder Joined: 6/2/2008 Posts: 1,438
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The devil is in the detail. Operating profit only grew marginally by 4% while PBT has DECREASED by 41.2%. I am still NOT convinced that EAPC has turned the corner especially while they still have the millstone of the Japanese Yen loan round their necks.
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East Africa Portland Cement H1 2010 results
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