National Investments Company (Tanzania) HY2021 income increases by 39%

By Published On: September 17th, 2021Categories: Corporate announcement, Earnings

National Investments Company Limited (NICOL.tz) HY2021 Interim Report

Financial Review

The National Investments PLC is pleased to announce its Half Year 2021 results. The Company’s Income rose by 39% due to increased dividend income from equity investments and interest income from Government Bonds.

Operating expenses decreased by 37% attributed largely by the reduction of court cases, and stricter control of administrative expenses in comparison to the prev