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13.7% Decrease in Profit Before Tax for TMRC in 2018

Habari mpya za fedha Tanzania · maelezo ya 13.7% Decrease in Profit Before Tax for TMRC in 2018 · imesasishwa 10 Aug 2026 · habari za uchumi · pato la taifa · uwekezaji

T

Muhtasari

  • The Company recorded a profit before tax of TZS 1.09 billion (2017: TZS 1.27 billion), a decrease of 13.7% from previous year.
  • Operating expenses increased by 13.7% from TZS 3.4 billion in 2017 to TZS 3.8 billion in 2018 mainly as a result of increase in the number of staff to support TMRC strategy.
  • The total mortgage portfolio balances amongst banks stood at TZS 421.10 billion as at the end of the year of 2018 representing 4,996 properties compared to TZS 344.84 billion outstanding balance for financing 4,174.
  • During the year TMRC balance sheet size grew from TZS 102.8 billion recorded in 2017 to TZS 136.3 billion, an increase of 33% while total loans recorded an increase of 25.5% to TZS 103.0 billion from TZS 82.1 billion.
  • BUSINESS ENVIRONMENT AND PERFOMANCE FOR THE YEAR 2018 BUSINESS PERFORMANCE In 2018, there was a decline in profitability arising from various reasons related to the business environment.

Nukuu za habari mpya na vyanzo: 13.7% Decrease in Profit Before Tax for TMRC in 2018

tmrc.co.tzSoma zaidi

The Company recorded a profit before tax of TZS 1.09 billion (2017: TZS 1.27 billion), a decrease of 13.7% from previous year.

Uliza chochote kuhusu mada hii — mfululizo, athari, wahusika, au uhusiano na Tanzania.