National Investments Company (Tanzania) – FY 2021 PBT up 144% to TZS 4.098 billion

By Published On: July 25th, 2022Categories: Corporate announcement, Earnings

National Investments Company Limited (NICOL.tz) 2021 Abridged Report

Business Review and Dividends

  1. Company’s Investment Income up by 59.85% to TZS 5.689 billion recorded in year 2021, year 2020, TZS 3.559 billion. The increase was attributed by increase in interest income from Government Bond and Dividend Income.
  2. Administrative expenses down by 19.87% from Tzs 1.68 billion in year 2020 to TZS 1.323 billion in the year 2021. The decrease was mainly resulted by controlled expenses and open vacancies.
  3. Profit before tax up by 144% to TZS 4.098 billion recorded in year 2021 against profit of TZS 1.683 billion year 2020.
  4. Value of Equity Investments decreased by nearly 30% from TZS 80.997 billion to TZS 57.123 billion recorded in the year 2021. The decrease was mainly attributed by decrease in NMB share price which was recorded at TZS 2,000 per share as at 31 December 2021. However, as at June 2022, NMB Share price has significantly increased to TZS 3,120 per share.
  5. Interim dividend of TZS 17 per share out of profit for the year 2021 was approved by Shareholders on 3rd December 2021, dividend payment was accordingly paid on 30th December 2021.

National Investments Company Limited (NICOL.tz)

Share price: 350.00 Shillings (-5.00 | -1.41% – 15/08/22)

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