The Standard | by Peter Theuri
Cement maker East African Portland Cement (EAPCC) has reported a net loss of Sh2.77 billion for the year ending June 30, 2020.
The earnings, however, showed an improvement compared to a loss of Sh3.36 billion in the previous year, with the firm saying cost containment helped it reduce expenses.
The company also attributed the decline in fortunes to growing competition. “Revenue for the year declined by 13 per cent owing to the increased competition that created a downward pressure on retail prices…
