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The Bank posted profit before tax of TZS 5.2billion for the year ended 31 December 2014 (2013: TZS 5.2billion). Profit after tax for the year was TZS 3.8 billion (2013: TZS 3.7 billion). In addition, the following achievements were recorded:-
Lending position stood at TZS 85.42billion (2013: TZS 78.43billion);
Total deposits stood at TZS 120.67billion (2013: TZS 108.18billion); and
Total assets stood at TZS 157.51billion (2013: TZS 143.9 billion).
During 2014 Tanga Cement Public Limited Company celebrated some significant milestones and successes
achieved in executing its strategy and living up to its brand promise of being the ‘Pride of the Nation’. 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.
OPERATING AND FINANCIAL REVIEW
Performance for the year
The results of the Company's operations for the year are set out on page 10.
During the year, Swala committed to entering Years 3 and 4 exploration phase of the Initial Exploration Term in both its Pangani and Kilosa – Kilombero PSAs licence areas. The work commitment in each licence during this period includes additional 2D seismic acquisition in the third contract year and drilling of one exploration well in the fourth contract year.
Kindly be informed that at it 62nd Board of Directors meeting of Tanzania Cigarette Company Limited held on March 12, 2015, among others, it declared a final gross dividend of TZS 400 per share for the year ended December 31, 2014.
The last day of trading cum dividend will be held on April 1, 2015, and shares will start trading ex- dividend on April 2, 2015. The register of shareholders will close on April 09, 2015. Final gross dividend will be paid on or about May 07, 2015.
COMPANY & BUSINESS
Proposed: Exchange Enterprise Growth Market –The Dar es Salaam Stock Exchange (Tanzania)
Shares in Issue: 50,000,000.00
IPO Price per share: TZS 500
Offer Opening Date: 23-March-2015
Offer Closing Date: 4-May-2015
Expected Listing Date: 8-June-2015
Tanzania Portland Cement Company Limited (TPCC) significantly improved its business performance in 2014 and strengthened its brand image through quality and service delivery.
The Tanzanian economy grew at a pace of 7% in 2014, in line with positive trend previous years. The cement market grew at the same rate.
The Board has approved the payment of Tsh.300/= per share as the 1st interim dividend for F16.
Pursuant to the dividend payment declaration, the Share Register details shall remain as follows:
Closure of the Members Register: 15th April, 2015
Trading of Shares cum Dividend : 19th March, 2015 to 10th April, 2015
Trading of shares Ex Dividend: 11th April, 2015
Dividend Payment on or by: 20th April, 2015
The Dar es Salaam Stock Exchange (DSE) is a company limited by guarantee. The role of the DSE in the economy is to facilitate the mobilization of resources and directing them to the productive sectors of the economy through provision of an efficient securities trading, settlement and depository and registry platforms. The DSE has two market segments: the Main Investment Market and Enterprises Growth Market. Currently have a total of 21 listed companies with the market capitalization of about TZS 22.8 trillion and bonds worth TZS 3.8 trillion.
Despite tough trading conditions, TCC delivered a good performance in 2014. We grew volume and
revenue while reducing our underlying cost base. However, the huge tax increase adversely impacted