Nairobi Securities Exchange Listed Bamburi Cement has posted a 50.4% growth in Full Year 2015 Profit After Tax to Ksh 5.9 Billion driven by increased sales, investment income and foreign exchange gains.
Highlights
Earnings per share shot up to 14.49 shillings from 9.80 shillings, it said.
Profit Before Tax was up by 46% to 8.46 billion shillings .
Full Year Revenue turnover grew by 9% to Ksh 39.2 Billion attributed to high sales in Kenya and Uganda and other East African Markets due to massive infrastructure projects in the region.
The Cement maker posted a foreign exchange gain of Ksh 104 Million against a loss of Ksh 170 Million posted the previous year.
Income from investments income rose to Ksh 374 Million Vs Ksh 349 million posted in 2014.
“Turnover increased … driven by increased demand in the key domestic markets in Kenya and Uganda resulting mainly from growth in large infrastructure projects and contractor segments, despite some slow down in domestic market in the last quarter,” Bamburi said in the FY Financial Statement.
On Friday, Bamburi Cement Ltd (BAMB:NAI) closed at 193.00 at the Nairobi Securities Exchange,this is 3.50 % below its One Year high of 200 set on Mar 04, 2016
Dividend & AGM
The directors declared a final dividend of Ksh 7.00 per share up from Ksh 6.00 in 2014,Book closure is on 12 April 2016 and payment date is on 8th July 2016.
Bamburi’s total Full Year 2015 dividend per share increased by 8.3% to stand at KES 13.00 ,bringing its dividend yield to 6.7%.
