Bamburi Cement Group FY 2019 profit before tax up 17%
Bamburi Cement Group delivered improved profitability for the full year ended December 2019, posting a 17% jump in profit before tax to KShs 0.73 billion as compared to KShs 0.62 billion in 2018.
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Bamburi Cement Group delivered improved profitability for the full year ended December 2019, posting a 17% jump in profit before tax to KShs 0.73 billion as compared to KShs 0.62 billion in 2018.
On the 8th May, the company was granted permission to resume its operations.
The company signed an agreement last year with San Miguel Corporation for the sale of its entire 85.7% shareholding in Holcim Philippines Inc., however the agreement has since lapsed.
The company has announced a US$100 000 grant from CEMEX Foundation to TX/RX Labs to support the development of face masks, face shields and other Personal Protective Equipment (PPE) to fight COVID-19.
The company has commissioned the XR3000C shredder supplied by UNTHA Iberica to help transform 15 000 tpy of hazardous solid waste into pre-treated waste with the right granulometry for coprocessing in cement kilns.
To be prepared for the impacts of COVID-19 on its businesses, Metso has obtained new funding totalling EUR 290 million.
According to the company, construction output is set to contract in South and South-East Asia as a result of the coronavirus causing disruption to the construction industries.
The company reports that its Q1 results in terms of revenues and EBITDA were similar to the same period last year, and announces the launch of its RESET strategy to help mitigate the impact of COVID-19.
The company has had a positive start to year, although due to the impact of the coronavirus its 2020 outlook remains uncertain.
The company has published new guidelines that hope to mitigate the impact of extraction activity in quarries on wildlife.
Despite the impact of the COVID-19 pandemic, MPA suggests that the construction sector is ready and able to supply to sites when it is safe to do so.
The company receives thanks for its N500 million intervention fund to provide medical infrastructure, food and essential medications to its host communities in response to the COVID-19 pandemic.