TANZANIA PORTLAND CEMENT CHAIRMAN’s STATEMENT

Tanzania Portland Cement Company (TPCC) recorded revenues of TZS 115bn in the first half of 2014. This is an increase of 13% compared with the same period in 2013. The increase in revenue is mainly a result of increased sales volumes and overall improved performance.
The Operating Profit for the period increased by 38% compared to the same period last year, primary as a result of reduced production costs.

Prospects
The Company expects continued good results in the second half of the year. With the completion of the investment in Cement Mill 5, TPCC will be better position to take advantage of the expected increase in demand for building materials.

Dividend 
The directors declare an interim dividend of TZS 70 per share (2013: Nil) which will be paid on or about 31 October 2014.
The register of the members will close on 8th September 2014. The last day of trading cum dividend will be 3rd September 2014.

By Jean-Marc Junon
Chairman of the Board