TPCC offers dividend, Tanzania

TPCC offers dividend, Tanzania
25 March 2011

Tanzania Portland Cement Company Limited (TPCC), which trades as Twiga Cement, is offering a dividend of TZS25.102bn after posting a net profit of TZS50.205bn in 2010. In 2009, the company offered a dividend of KES130 per share, after recording a net profit of KES47.992bn.

“The total proposed dividend represents 50 per cent of the net profit for the year,” the company’s board chairman said in a statement yesterday.

The company attributes its performance on an 18 per cent growth in demand compared to the previous year.
Published under Cement News