TCC publishes financial results

TURNOVER

Turnover increased by 5.5% (From TZS 422bl in 2012 to TZS 445.6 bl 2013). Increase was driven by increase in export and double digit growth in sales.

CASH FLOW

 

Operating cash flow increase from 72.1 in 2012 bl to TZS 105.9 bl in 2013

DIVIDEND

 

TCC board recommend a final ordinary gross dividend of TZS 200 per share and a special gross dividend of TZS 250 per share. Adding on the interim dividend of TZS 300  paid on October 2013, the total divided is TZS 700 per share. The final ordinary and special dividend will be paid around May 2014, subject to shareholder’s approval on 16th April 2014.