Tanzania Cigarette Co. Says 2008 Profit Rose 27%

Source from:  Bloomberg 03/10/2009

Tanzania Cigarette Co., the country's largest cigarette maker, said profit rose 27 percent last year as sales increased. The company posted net income of 31.1 billion Tanzanian shillings ($23.8 million) for the year to Dec. 31, compared with 24.4 billion shillings a year earlier, it said in a statement published in the Dar es Salaam-based Citizen today. Japan Tobacco International, a unit of Japan Tobacco Inc., the world's third-largest tobacco manufacturer, owns 75 percent of Tanzania Cigarette Co. The remaining shares are traded on the Dar es Salaam Stock Exchange. Enditem