The East African Portland Cement company has recorded Sh1.4 billion loss for the year ended June 30. [PHOTO/the-star.co.ke]

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The East African Portland Cement company has recorded Sh1.4 billion loss for the year ended June 30.

This comes after a net profit of Sh 4.1 billion was recorded in 2016.

Portland has blamed the losses on low sales and excess supply of their products.

There was also a decline in revenue realised by the company.

This year they made Sh6.93 billion compared to least year's Sh8.87 billion.

In 2017, the loss before tax stands at Sh 1.71 billion.