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Tanzania Portland Cement Company Limited (TPCC)
maintained its leadership position in the market
though it faced increased competitive business
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.
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%.
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.