Loss of market share sees Portland issue profit warning
A signpost near the entrance to the East African Portland Cement Company factory in Athi River. The company has issued a profit warning, saying its earnings will decline by over a quarter in the full year ending June 2014. FILE | NATION
The cement maker has been grappling with low prices for the commodity occasioned by increased competition and loss of market share to rivals.
East Africa Portland Cement Company has issued a profit warning, saying its earnings will decline by over a quarter in the full year ending June 2014.
The company's managers cite a raft of challenges that have depressed its business in the period under review. The cement maker has been grappling with low prices for the commodity occasioned by increased competition and loss of market share to rivals.
