News & Events


Error message

Notice: Undefined index: HTTP_ACCEPT_LANGUAGE in include_once() (line 2 of /home/dseco/public_html/sites/all/themes/final-responsive/template.php).

TWIGA - Audited Results for the Year Ended 31 Dec 2012

CHAIRMAN’S STATEMENT Tanzania Portland Cement Company Limited (TPCC)  maintained its leadership position in the market  though it faced increased competitive business  environment. With a GDP growth of about 6.8% in 2012 the Tanzanian  economy grew at the same pace as in the previous  years. The construction sector, however, grew at a  rate of around 8%. In the year under review, the  Tanzania Shilling was relatively stable compared with  the major trading currencies, depreciating by less  than 1% against the USD.

CRDB – Declaration of Dividend for the Year 2012

The Board of Directors of CRDB Bank Plc is delighted  to announce that subject to obtaining approval from  the Annual General Meeting of shareholders to be held  on 11th May, 2013, recommend declaration dividend of  TZS 12 per issued and fully paid up shares in line  with the Bank’s Dividend Policy. Total dividend of  TZS 26.1 billion will be paid out, higher than TZS  19.6 billion paid in year 2011 with percentage  increase of 33% that makes Earnings per share 37.00,  Price earnings ratio 4.05 and Dividend yield of 8%.


Chairperson’s Statement  Historical Sales  Performance The past year was characterized by changing trading in the local market.  Although the economy of Tanzania continued to grow during the period under review and the macroeconomic environment was favourable the competitive landscape presented new challenges with increase competition from new manufactures as well as an increase in cement imports.