Dar es Saalam, March 20 -- Tanzania Cigarette Public Limited Company (TCC Plc) has announced good financial results for the year ended December 31, 2018.
The company posted gross revenue increase of 4.3 per cent to 436.5bn/- as profit after tax increase by 5.7per cent to 47.9bn/-, as an increase of 4.1per cent in the contribution to the government revenue remittance.
TCC Plc shareholders will receive a total dividend of 450 per share, an increase of 12.5per cent.
Commenting on the results, TCC Plc Chief Executive Officer (CEO), Alan Jackson said: "The results reflect a strong performance driven by sustained levels of investment, a stable excise tax, pricing in the domestic market and improved product mix.
"I am delighted to report anoth...