TOL Gases Financial Report 'Impresses' Its Shareholders
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Once upon a time, a company operating in the name and style of Tanzania
Oxygen Ltd (T.O.L) beginning in the early 1950s was a thriving leader in the
gas industry in what was then known as Tanganyika. Then it was transformed into
TOL Ltd and rapidly went downhill before further being transformed into TOL
Gases Ltd. Thereafter, what amounts to a miracle started to happen: TOL Gases
is proving to be a steady comeback. For a second year running, the company has
shown steady growth, and has recorded profit for two years running in 2012 and
2013, a positive development which has enabled the company to reduce its
outstanding cumulative debts from over TZS 5.7 bn a few years ago to TZS 3.6bn
in 2013
Source: Business Times