Bamburi Cement Ltd, Lafarge’s East African subsidiary, achieved an increase in profits and turnover in 2014. Operating profit grew from KES5.2 billion in 2013 to KES5.5 billion last year.
Profit before tax was up 5.5%, rising from KES5.5 billion to KES5.8 billion.
Boosted by better market conditions in Uganda, the group reported a turnover of KES36 billion, 6% higher than in 2013.
The Bamburi Group has reported an improvement in exports into inland Africa, apart from South Sudan, as well as growth on both the Ugandan and Kenyan markets.
Bruno Pescheux, Group MD said: “A number of large infrastructure projects have been or are being launched in both Kenya and Uganda which, with our wide cement and concrete portfolio of brands across the region, places us in a strong position to supply. This, together with a number of cost containment measures implemented at all our plants, gives us good foundation for a robust 2015.”
