Tanzania Portland Cement Company Limited (TPCC) recorded a revenue of TZS 136bn in the first half on 2015. This is an increase of 18% compared to the same period in 2014. The increase in revenue is mainly the result of increase sales volume.
The operating profit for the period was impacted by increase production costs especially raw materials and fuel costs due to depreciation of TZS versus the USD. The 20% decrease in operating profit is mainly related to insurance proceeds of TZS 5bn in 2014.
Actual cash flow has improved due to fewer in the current year versus prior year
Competition in the cement market is expected to further increase in the second half of the year. Nevertheless, TPCC enjoys a very good market position.
The Directors declare an interim dividend of TZS 95 per share (2014: TZS 70 per share) which will be paid on or about 31 October 2015.
Register of Members will close on 14 September 2015.
The last day of trading cum dividend will be 9 September 2015.
Further details can be obtained from a report throught below link