Copyright 2017
CRDB: 175; DCB: 385; DSE: 1,220; MBP: 600; MCB: 500; MKCB: 890; NMB: 2,750; SWALA: 500; SWISS: 3,500; TBL: 13,900; TCC: 14,500; ACA: 5,860; TCCL: 1,200; TPCC: 1,520; YETU: 600; TOL: 780; MUCOBA: 400; PAL: 470; TTP: 650; NMG: 2,460; EABL: 5,530; JHL: 10,720; KA: 110; KCB: 870; USL: 80; VODA: 850;


CHAIRMAN'S STATEMENT

Tanzania Portland Cement Company (TPCC) recorded revenue of TZS 119bn in the first half of 2017. This is  a decrease of 16% compared with the same period in 2016. The decrease in revenue is mainly because of the lower price as a result of increased competition in the market.

Management continues to exercise strict costs control which are represented by decrease in cost of sales of 7% and selling and administrative expenses by 14%.

TPCC continues to defend its market leadership through strong customer relations. 

PROSPECTS

The market situation remains challenging but TPCC will continue to work to maintain its market leadership position.

DIVIDEND

Despite drops in result the directors declare an interim dividend of TZS 120 per share (2016:TZS 120 per share) which will be paid on or about 31 October 2017.

The register of the Members will close on 25 September 2017. The last day of trading cum dividend will be 20 September 2017.

 

 

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Top Mover

Company Closing Price Turnover
TBL 13,900 20,358,900,100
TCC 14,500 1,088,962,000
DSE 1,220 12,170

Top Gain

Company Closing Price % Change
USL 80 14.29
KA 110 10.00
KCB 870 6.10

Top Losers

Company Closing Price % Change
TCC 14,500 -0.68