TCC profit drops 20pc on higher excise tax

>Increased excise tax on tobacco products is hitting hard on the profitability of Tanzania Cigarette Company which recorded 20 per cent drop in the first half of 2014. TCC which is listed on the Dar es Salaam Stock Exchange recorded Sh35.3 billion as profit after tax for the six months ending June 30, 2014 compared to Sh44.3 billion it recorded in the same period last year, according to the firm’s financial statement.

TheCitizen

Habari Zinazoendana

9 years ago

TheCitizen

24 Sep

Shilling slide reduces TCC profit by 4pc

A weaker Tanzanian shilling reduced the net profit of the Tanzania Cigarette Company (TCC) by four per cent during the first half of this year, the firm announced yesterday.

 

5 years ago

The Wall Street Journal

30 Mar

Apple Supplier Foxconn’s Profit Drops in the Fourth Quarter

Apple Supplier Foxconn’s Profit Drops in the Fourth Quarter  The Wall Street JournalApple supplier Foxconn's profit down 24% in last quarter of 2019  ReutersIPhone Maker Hon Hai’s Profit Slides Ahead of Virus Outbreak  BloombergApple Supplier Foxconn Sees Fall in Profit in Last Quarter of 2019  Gadgets 360Apple supplier Foxconn's profit down 24per cent in last quarter of 2019  CNAView Full coverage on Google News

 

11 years ago

TheCitizen

16 May

Bank’s pre-tax profit up 40pc

Exim Bank registered a pretax profit of Sh6.4 billion during the first three months of this year – a 42 per cent increase compared to a similar period in 2013.

 

9 years ago

TheCitizen

08 Oct

Bank expects Sh200m more profit after tax

DCB Commercial Bank has said it expects to increase profit after tax to Sh4 billion this year from Sh3.8 billion posted last year.

 

10 years ago

TheCitizen

30 Aug

NMG pre-tax profit grows to Sh30 billion

>National Media Group (NMG) pre-tax profit for the period ended June this year grew to Sh29.7 billion, being a 2.1 per cent increase from the same period last year.

 

11 years ago

TheCitizen

22 Mar

NMG posts Sh68.2bn pre-tax profit for 2013

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.

 

10 years ago

Union Matters From Constitution Isles CA Members

07 Sep

Excise non

Excise non-union matters from constitution Isles CA members
IPPmedia
The new constitution writing process has continued facing snags on the proposed union structure as some members of the Constituent Assembly from Zanzibar mid this week raised concerns saying non-union matters should not be included in the union ...

 

10 years ago

TheCitizen

12 Mar

Brewer decries yearly excise duty rises

One thing that Tanzanians are assured of every June, is that when the Finance minister presents the country’s budget speech in Parliament, he/she will announce an increase in excise duty rates for beer, spirits, wines and cigarettes, among others.

 

5 years ago

The Citizen Daily

26 Mar

MANAGING TAX RISKS: Impact of virus crisis on tax collections

MANAGING TAX RISKS: Impact of virus crisis on tax collections  The Citizen Daily

 

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