EA Cables returns to profit in H1 amid lower revenue

Monday 12 August 2019 | 09:29 CET | News

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East African Cables has returned to profit despite a 19 percent decline in turnover, posting net earnings of KES 634 million in the six months to June compared with a loss of KES 303 million in 2018, Business Daily reported. Revenue fell to KES 698 million from KES 872 million in the same period in 2018. The company recently managed to restructure a huge impending debt and saw interest expenses halve from KES 279 million to KES 109 million. 

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Categories: Fixed
Companies: East African Cables
Countries: Kenya
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