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Tanzania Portland Cement Company Limited (TPCC) recorded revenues of TZS 102bn in the first half of 2013. This is a decrease of 20% compared with the same period in 2012. The decrease in revenue is mainly due to decrease in sales volumes. These were largely impacted by the increased quantities of imported cement from Pakistan, allegedly caused by under-declaration of values and quantities leading to non-payment of statutory taxes and duties by the importers.
The Board has approved the payment of Tsh.150/= per share as the 1st interim dividend for F14.
Pursuant to the dividend payment declaration, the Share Register details shall remain as follows:
Closure of the Members Register : 15th August, 2013
Trading of Shares cum Dividend : 22nd July, 2013 to 12th August, 2013
Trading of shares Ex Dividend : 13th August 2013 to 15th August 2013