Bank M posts pretax profit of Sh20 billion

Exim Bank Tanzania Chief Finance Officer, Mr. Selemani Ponda (Centre) briefs journalists at a news conference to announce the bank’s financial results for the first quarter of 2014 in Dar es Salaam Looking on is Head of Treasury, Mr. George Shumbusho (first left) and Seniour Finance Manager, Mr Issa Hamisi (first right). The EXIM Bank Group 1st quarter (Q1) 2014 pretax profit rose by 42% to TZS 6.4 billion from the same period last year as per recently published results.
“We are pleased...

>Exim Bank Group’s second-quarter pretax profit rose by 80 per cent to Sh9.6 billion.

>The profit before tax for the National Bank of Commerce (NBC) rose by 122 per cent during the year ending June 2014, the financial entity’s results show.

African Trade Insurance (Ati) agency posted a profit of Sh2.4 billion ($1.5 million) last year, Sh960 million ($0.6 million) higher than it earned the previous year.

Treasury Dishes Out Sh20 Billion to Medical Stores
AllAfrica.com
Dodoma — THE Treasury dished out 20bn/- to the Medical Stores Department (MSD) as part of payment for the 81bn/- it owes the institution, the National Assembly has been told. Finance Minister Saada Mkuya Salum made the revelation here and took ...

When the media reported that Kenyan investment company Centum was going to pay its employees Ksh1 billion (nearly Tsh20 billion) in bonus, the news attracted debate through the social media.

TOL Gases, a manufacturer and distributor of industrial and medical gases in Tanzania, posted a Sh998 million profit after tax in 2013, being a five per cent increase compared with the previous year’s.

Nation Media Group (NMG) on Thursday announced a 20 per cent rise in its dividend pay-out after it reported a Sh68.2 billion (KSh3.6 billion) profit before tax for the year ended December 2013.

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