TANGA Cement announced earnings results for the first half of 2013. For the period, net profit has dropped to TZS 10.5 billion, almost a one-third decline from TZS 16.6 billion posted in the corresponding period last year. The company has attributed the profit decrease to increased competition and expenses.

The net profit dropped due to low sales. The profitability level lowered the earnings per share to TZS 165 from TZS 261 registered in the same period in 2012.