Cement maker Bamburi Group has reported flat growth in its after-tax profit, citing falling demand in domestic and regional markets as well as rising competition. However, Bamburi reaped the benefits of mega infrastructural projects in the region with rising demand from this market segment in Kenya, Uganda and Rwanda. Bamburi shareholders are set to get a final dividend of Sh6 per share, bringing the total 2016 payout to shareholders to Sh12 per share. In 2015 Bamburi shareholders took home Sh13 per share. Data from the Kenya National Bureau of Statistics (KNBS) indicates reduced cement demand from housing and construction sectors.

Source: Daily Nation March 09, 2017 18:56 UTC