Tanga Cement Annual Report 2008

Despite the world economic turmoil towards the end of 2008 , Tanga Cement had a record year. Revenue increased year on year by 29%, while earnings per share rose by 28%. Domestic sales volumes have grown by 9% year on year. Improvements in operational efficiencies helped to contain non-fuel costs. However, the steep rise in world coal prices at the beginning of the year resulted in higher energy cost.