Record Performance in 2020 Helps Maintain Sustainability in 2021: 2022 Annual Report

Published On: April 27, 2023Company: Tanzania Cigarette Company Limited (
What was the financial performance of Tanzania Cigarette Company Limited ( in 2020? reported a strong financial performance in 2020, with operating income growing by 12.1% to TZS 14.9 billion and net profit after tax growing by 13.2% to TZS 11.8 billion. Total assets increased by 13.8% to TZS 43.4 billion.

Tanzania Cigarette Company Limited (

  • Report highlights strong financial performance in 2020
  • Operating income grew by 12.1% to TZS 14.9 billion
  • Net profit after tax grew by 13.2% to TZS 11.8 billion
  • Total assets grew by 13.8% to TZS 43.4 billion
  • Final dividend of TZS 5.40 per share recommended
  • Chairman notes resilience of operating and strong cost management, despite market challenges
  • Highlights broad growth initiatives and plans for sustainability in 2021

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About Tanzania Cigarette Company Limited (

Tanzania Cigarette Company Limited (TCC) is a tobacco company in Tanzania which manufactures, distributes and markets cigarettes under the following brands; Camel, Winston, LD, Embassy, Portsman, Sweet Menthol Safari Club and Crescent & Star. The company also exports cigarettes to the Democratic Republic of Congo, Mozambique and Zambia. TCC is the only cigarette producer in Tanzania and has a 90% share of the domestic market. It was founded in 1961 as East African Tobacco; nationalised during the Ujamaa Movement in 1975 and later privatised when the government of Tanzania sold its controlling share. TCC is a subsidiary of Japan Tobacco International Holding BV, which has a 75% stake in the company. Tanzania Cigarette Company Limited is listed on the Dar es Salaam Stock Exchange

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