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Tanga Cement Public Limited Company (Tanga Cement Plc) remains amongst the leading suppliers of cement in Tanzania and we are proud of our contribution towards the development of Tanzania, but more importantly the lives of the Tanzanian people we are able to touch and enhance due to our business activities.
The Management of Tanzania Cigarette Company Ltd is pleased to report
half year results to June 30, 2015.
Year to date performance
Our top line grew 10% to TZS 246bn (June 30, 2014: TZS 224bn) driven by
volume and pricing. Net profit however declined 4% to TZS 34bn (June 30,
2014: TZS 35bn) due to: the sharp depreciation of the Tanzanian Shilling;
the carry-over impact of the 25% excise tax increase in July 2014 and; a
one-off TZS 5bn restructuring cost of our Export Division.
Acacia Mining plc
(“Acacia” or the “Company”)
Formation of Joint Venture to Progress the Nyanzaga Project
Pursuant to the settlement agreement between the Fair Competition Commission (Commission) and Tanzania Cigarette Company Limited (TCC) made under section 58 (8) of the fair competition Act No. 8 of 2003 (FCA) in respect of complaint No. 1 of 2008 (Complaint).
Notice is given to the General Public as follows:
WHEREAS the commission acting under section 69 (1) of the FCA initiated complaint No. 1 of 2008.
COMMENTARY ON SWISSPORT TANZANIA PLC UNAUDITED FINANCIAL RESULTS FOR SIX MONTHS ENDED 30 JUNE 2015
Effectively from 1st September 2015 the DSE has extended trading sessions to five hours from the previous four hours. In this regard, the trading session will now start at 10:00 a.m. and close at 3:00 p.m. on each working day.
31st August 2015
SWALA OBTAINS LICENCE EXTENSION TO PROGRESS DRILLING CAMPAIGN
Tanga Cement PLC makes this announcement in compliance with the Dar es Salaam Stock Exchange rules 2014 (Continuing listing obligation rule 2,53 (10 and 78) as warranted by Capital Markets Authority Act, Cap 79 of 1994.
Tanga Cement PLC half year results for the six months ended 30 June 2015 show that its operating profit is approximately, in range of 30% - 40% below achievement of the same period in June 2014.
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.
DSE Offices, Dar es Salaam
19th August 2015