ARM Records 17 pc Profit Rise

[205victor]

A business report has it that Athi River Mining has realized a 17 percent profit hike in the first-quarter net profit following increased production and the growing demand for cement while its shares rose to high since listing.

ARM announced a net profit of 258 million shillings in the first quarter , an increase of 38 million shillings from last year’s 220 million shillings.

It is reported that the Kenya’s third largest cement company’s sales increased from 1.6 billion shillings to 2.7 billion shillings favored by the region’s construction boom and huge export earnings which was a s a result of the weaker shilling.

ARM’s new recording has outperformed rivals including Bamburi and Portland Cement at the Nairobi Securities Exchange where it has recorded 40 percent gain in the last three months.

[lynkez]

That is a good margin and we still hope for more production and profitability. It is always quality we crave at and not a mere product, cheap price and you live top curse the expense.