Kenya: East African Portland Cement (EAPCC) has reported a loss of US$9.96m for the year ending 30 June 2012, compared to a loss of US$1.40m in 2011. EAPCC saw its revenue drop by 15% to US$101m in the same period. The company's takings were affected by slow sales, a major plant breakdown and labour unrest.
The company said that production was hurt by labour unrest that caused operations to be suspended in January 2012 and a major breakdown of one of its kilns that hit production. Other factors included a weakening Kenyan Shilling, and rising costs for power and raw materials. In addition slow sales affected revenue.