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bamburi cement half year profit down 6%
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littledove
#1 Posted : Friday, August 26, 2016 9:29:18 AM
Rank: Veteran

Joined: 7/1/2014
Posts: 927
Location: sky
Bamburi Cement net profit declined by six per cent for the six months of 2016 to Sh2.9 billion following lower cement demand from the housing construction sector and regional export market.

http://www.businessdailyafrica.com/Bamburi-Cement--profit-down-on-reduced-demand/539552-3357938-pd1t3v/index.html
There are only two emotions in the stock market, fear and hope. The problem is, you hope when you should fear and fear when you should hope
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enyands
#2 Posted : Friday, August 26, 2016 9:48:26 AM
Rank: Elder

Joined: 12/25/2014
Posts: 2,301
Location: kenya
littledove wrote:
Bamburi Cement net profit declined by six per cent for the six months of 2016 to Sh2.9 billion following lower cement demand from the housing construction sector and regional export market.

http://www.businessdailyafrica.com/Bamburi-Cement--profit-down-on-reduced-demand/539552-3357938-pd1t3v/index.html


Meaning construction has started to hit a plateau phase
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Boris Boyka
#3 Posted : Friday, August 26, 2016 12:08:14 PM
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Joined: 11/15/2013
Posts: 1,977
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Interim Dividend? @ pesa nane I can't find the results in their website yet.
Everybody STEALS, a THIEF is one who's CAUGHT stealing something of LITTLE VALUE. !!!
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kimanimsc
#4 Posted : Friday, August 26, 2016 12:17:35 PM
Rank: Member

Joined: 5/4/2015
Posts: 241
Location: Kahno
6/-

http://www.rich.co.ke/rcdata/company.php?i=Mjg%3D

Boris Boyka wrote:
Interim Dividend? @ pesa nane I can't find the results in their website yet.
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Pesa Nane
#5 Posted : Friday, August 26, 2016 12:23:15 PM
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Joined: 5/25/2012
Posts: 4,105
Location: 08c
Boris Boyka wrote:
Interim Dividend? @ pesa nane I can't find the results in their website yet.


Apologies. Banks are hogging all the attention (furiously posting to deflect that smile .

Pesa Nane plans to be shilingi when he grows up.
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Pesa Nane
#6 Posted : Friday, August 26, 2016 12:37:31 PM
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Joined: 5/25/2012
Posts: 4,105
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Quote:
Highlights;
Turnover flat following slow growth in the individual home builder segment in Kenya
Reduced volumes into inland africa export markets
Infrastructure and contractor segments remained vibrant in Kenya, Uganda and Rwanda
Though competition is high, prudent cost management, mastery of plant and logistics processes, innovative customer solutions returned HY operating prifit of KES 4.1 Billion
PBT declines due to exchange losses
Pesa Nane plans to be shilingi when he grows up.
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Pesa Nane
#7 Posted : Friday, August 26, 2016 12:41:04 PM
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Joined: 5/25/2012
Posts: 4,105
Location: 08c
Quote:
Capacity Expansion Announcement

The Group has approved Phase 1 of a capacity expansion in both Kenya and Uganda, which will increase cement capacity by 1.7mt (million tons) at an approximate cost of KES 8.3 Billion. The group is also undertaking advanced studies on Phase 2 of this expansion project, aimed at solidifying its position as the least cost producer in the region the group operates in.
Pesa Nane plans to be shilingi when he grows up.
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Pesa Nane
#8 Posted : Friday, August 26, 2016 12:42:50 PM
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Joined: 5/25/2012
Posts: 4,105
Location: 08c
kimanimsc wrote:
6/-

http://www.rich.co.ke/rcdata/company.php?i=Mjg%3D

Boris Boyka wrote:
Interim Dividend? @ pesa nane I can't find the results in their website yet.


Payable 28 October 2016
Closure 23 September 2016
Pesa Nane plans to be shilingi when he grows up.
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Pesa Nane
#9 Posted : Friday, August 26, 2016 12:45:15 PM
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Joined: 5/25/2012
Posts: 4,105
Location: 08c
Pesa Nane plans to be shilingi when he grows up.
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VituVingiSana
#10 Posted : Friday, August 26, 2016 11:48:17 PM
Rank: Chief

Joined: 1/3/2007
Posts: 18,350
Location: Nairobi
Everyone is expanding their capacity...

ARM has the TZ plant now online. Then there is the "Kitui" plant [in 2-5 years] if it can be financed.
Dangote
Pokot/Sanghi/Cemtech

Is there enough demand?
Greedy when others are fearful. Very fearful when others are greedy - to paraphrase Warren Buffett
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