Tanga Cement
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Financial Highlights period ended December 31, 2009

 

Despite an increase in national cement production, the market in which the company operates showed a decline of 3%. The company, nevertheless managed to maintain its sales volume at the same level as in 2008.

After a strong improvement in sales volumes during the second half of the year, sales revenue reflected only a 1% decrease compared to the previous year.

Dividends

A dividend of 37.5% of net profit is proposed and consequently the board has approved a final dividend os Tzs 179 per share. This amounts to 11.4 billion.



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