Turnaround Made As TOL Gases Posts TZS 998 M Profit
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TOL Gases, a manufacturer and distributor of industrial and medical
gases in Tanzania, posted a TZS 998 million profit after tax in 2013, being a
five per cent increase compared with the previous year's. In 2012, the firm
registered a TZS 952 million profit. The company also recorded a revenue of TZS
10.8 billion, which was a growth of 13 per cent from TZS 9.5 billion in the
2012 financial year. TOL board chairman Harold Temu, told the shareholders'
meeting yesterday that the performance was realised amid many operational
challenges without which the company could have done much better
Source: The Citizen