ARM Cement issues profit warning
6 days ago, 10:03
ARM Cement #ticker:ARM is now the latest firm to issue a profit warning for the 2017 financial year, meaning that the NSE-listed company will post a loss of at least Sh3.5 billion. According to a notice sent Monday, the cement maker anticipates that its last year’s earnings will sink further into the red by at least 25 per cent. “The Group’s performance has been adversely affected by difficult market conditions and import ban for coal in Tanzania, by the prolonged and disruptive election period ...
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