Bamburi Cement Manufacturing Company profits have grown to Kshs. 776 million in the first half of the year 2021 representing a 7.6% profit increase.
Last year from January to June 30, the company managed to realize a profit of Kshs. 721 million.
This year, the company recorded a recovery in both domestic and foreign market thus increasing the turnover by 21% from last year’s Ksh.16.2 billion to Ksh.19.6 billion.
According to the manufacturer, the growth was witnessed due to recovery of cement market after being suppressed for the first half of 2020 as a result of Covid-19 containment measures.
The company has also benefitted from the ongoing construction works sponsored by the government including the Nairobi Expressway and Thwake dam.
Bamburi also is hoping to grow more from the infrastructure projects by the government in Kenya and key oil and gas projects in Uganda.
“The past year has been a learning curve that has enabled us to evolve towards more modern business practices as we continue to set industry standards on quality, operational efficiency, and innovation,” said Bamburi Cement Plc Managing Director Seddiq Hassani.
He added that, “We maintain a positive outlook for the rest of the year as the government continues to roll out the Covid-19 vaccination programs and ease-off containment measures which we hope will continue to drive progressive economic recovery.”