TBL NAMED BEST LISTED COMPANY

TANZANIA Breweries Limited (TBL) has been named the best listed firm in the main market segment of the Dar es Salaam Stock Exchange (DSE)’s second episode of the equity market members’ awards.

The brewing firm’s high ranking at the DSE’s 2017 awards was contributed by its splendid performance of the share trading at the equity market. 

TBL Finance Director, Mr Bruno Zambrano said the award was a clear testimony that the company remains one of the trustworthy investors in the country.

“This is a clear indication that the country does value our role in the economy. We thank our shareholders and members of staff.

We promise to keep doing well so that our investment and operations can sustainably benefit lives of an increased number of Tanzanians,” he said.

The company’s share fetched a weighted average price of 11,100/- during the first day of trading on January 2, 2017. However, it has since gained by about 17 per cent. Last week TBL’s share traded at a weighted average of 13,000/-.

During the preceding week TBL dominated trading activities at the DSE to help the market to register its record performance since the beginning of 2017.

The award granting ceremony was graced by the Deputy Permanent Secretary in the Ministry of Finance and Planning, Ms Dorothy Mwanyika in Dar es Salaam at the weekend.

The DSE Members’ Awards is an initiative by the DSE to recognize and award its members for good corporate governance, investor protection, sustainable growth of their businesses, engagement with investors and the public, as well as good fundamental performance and corporate social responsibilities.

DailyNews