Following strong performance exhibited by Tanzania Breweries Limited (TBL) PLC last year, the company’s Board of Directors has approved a total annual dividend of 75bn/- to the company’s shareholders.
Speaking during the company’s Annual General Meeting in Dar es Salaam yesterday, Leonard Mususa, the TBL Board Chairman said the company last year recorded an operating profit 179bn/- and profit after tax of 34bn/-
“We approved the dividend payment of 75bn/- to our esteemed shareholders, an equivalent of 255/- per share, amounting to an increase of 60 per cent from the previous year,” he said.
He said TBL Plc was in 2021 recognized as the largest taxpayer in the country making a significant contribution to the Government budget in the form of corporate tax, excise duty and value added tax (VAT).
“A total of 472bn/- was paid to the Government during the year, compared to 463bn/- in the prior year.” He added.
He said TBL would continue to support local farming and sourcing of raw materials adding that TBL Group is committed to increasing locally sourced material as a key partner in the socio-economic development of Tanzania.
“The Group continues to play a key role in the agriculture sector and over the last year purchased 70% of raw materials locally including barley, maize, sorghum and grapes to produce our products.” – Mususa said.