Bamburi Cement Hikes dividend despite 69% decline in net profit

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Bamburi Cement experienced a big decline in its net earnings
from KSh1.97 billion in 2017 to KSh614 million in 2018. The company blamed dwindling
demand for cement and stiff competition for the drop in earnings. Bamburi’s
largest market, Kenya, recorded a 5 percent decrease in sales. Uganda sales
remained flat in that period.

source: Kenyan Wall Street

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