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Author Topic: portland cement report almost 1/2 billion loss, how?  (Read 2927 times)

Offline Ole Ole

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portland cement report almost 1/2 billion loss, how?
« on: October 29, 2014, 07:18:05 AM »

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http://www.the-star.co.ke/news/article-190066/cement-firm-sinks-huge-net-loss#sthash.uOjc6ypi.dpuf

Offline bryan275

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Re: portland cement report almost 1/2 billion loss, how?
« Reply #1 on: October 29, 2014, 08:09:22 AM »
I see 600m in exceptional costs restructuring and lost labour court cases. 

Offline RV Pundit

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Re: portland cement report almost 1/2 billion loss, how?
« Reply #2 on: October 29, 2014, 08:10:06 AM »
Mismanagement as gov and private investor tussles; Yen denominated loan; and tough competition from new entrants like Simba,Mombasa and Savannah cement in addition to Bamburi and ARM.

Offline Olekoima

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Re: portland cement report almost 1/2 billion loss, how?
« Reply #3 on: October 29, 2014, 08:30:37 AM »
Strange.

Offline Kichwa Mbaya

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Re: portland cement report almost 1/2 billion loss, how?
« Reply #4 on: October 29, 2014, 07:47:25 PM »
I never thought a cement company could lose money in Kenya.
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