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                              TOL 330.00     TBL 1,800.00     TTP 510.00     TCC 1,640.00     SIMBA 1,780.00     SWISSPORT 650.00     TWIGA 1,340.00 -20.00     NICOL 305.00     DCB 360.00     KA 1,500.00     EABL 2,000.00     JHL 5,860.00    
LAST UPDATE: 24/9/2008 - 5:58PM EAT

Monday, September 1, 2008

TOL Gases profit doubles

TOL?Gases managing director Arnold Kilewo addresses the TOL meeting yesterday in Dar es Salaam. Left is chairman Michael Shirima.
By Mnaku Mbani

TOL Gases Limited pre-tax profit increased by more than 100 per cent to Sh292 million last year from Sh102 million recorded in 2006, managing director Arnold Kilewo announced yesterday.

Addressing the company's annual general meeting he said the superb performance was a result of ongoing consolidation at the company. This is the third year in a row TOL Gases registers a profit, although shareholders will continue to wait until the company cash flow is rejuvenated, he stated.


A related story from THE CITIZEN states that there has been No dividends for TOL Gases in ten years

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