Tanzania’s TPCC revenue rises 18% in the H1, 2015

Tanzania Portland Cement Company (TPCC) saw its revenue climb by 18% on-year to TZS 135.74 billion (€55.95 million/US$63.73 million) in the first six months of 2015. Despite the increase in turnover, the company's net profit slumped by 18% year-on-year from TZS 27.14 billion to TZS 22.17 billion during the six months to 30 June 2015. TPCC cited that the decline in profit was caused by the weakening local currency, which led to higher production costs.
August 25, 2015 Read time: 1 min

Tanzania Portland Cement Company (TPCC) saw its revenue climb by 18% on-year to TZS 135.74 billion (€55.95 million/US$63.73 million) in the first six months of 2015.

Despite the increase in turnover, the company's net profit slumped by 18% year-on-year from TZS 27.14 billion to TZS 22.17 billion during the six months to 30 June 2015.

TPCC cited that the decline in profit was caused by the weakening local currency, which led to higher production costs.

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Tanzania Portland Cement Company (TPCC) achieved a 3% year-on-year net profit rise in 2015 to TZS 56.2 billion (US$ 25.76 million). TPCC's profit grew thanks to a very encouraging 22% increase in sales. Moving forward, demand for cement in Tanzania and the East African region as a whole is expected to rise, as reported in a recent addition of Aggregates Business International.

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