{"id":3190,"date":"2020-02-05T13:21:32","date_gmt":"2020-02-05T13:21:32","guid":{"rendered":"https:\/\/www.africa-press.com\/tanzania\/?p=3190"},"modified":"2020-02-05T13:21:32","modified_gmt":"2020-02-05T13:21:32","slug":"dse-doubles-yearly-profit","status":"publish","type":"post","link":"https:\/\/www.africa-press.net\/tanzania\/economy\/dse-doubles-yearly-profit","title":{"rendered":"DSE DOUBLES YEARLY PROFIT"},"content":{"rendered":"
\n

DAR ES SALAAM Salaam Stock Exchange (DSE) net profit has doubled on a year basis, thanks to quarter three\u2019s once-off pre-arranged deal from Vodacom.<\/p>\n

The Dar exchange financial report showed that net profit increased 118 per cent to 3.65bn\/-at the end of last year from 1.67bn\/-attained in previous year.<\/p>\n

Tanzania Securities Limited (TSL) said on Tuesday that operationally, 2019 was a calm year for the bourse signified by the quarter-four performance compared to similar periods in 2018.<\/p>\n

\u201cWe remain positive on the company\u2019s 2019 annual results and performance for 2020,\u201d Tanzania Securities said in its commentary on DSE Q4 2019 results. However, despite year-onyear good results, DSE stock price declined 8.0 per cent to 980\/- from 1,060\/-recorded, Tuesday.<\/p>\n

Nevertheless, Earnings per Share (EPS) also more than doubled to 153\/-at the end of last year from 70\/-recorded at 2018 due to better results.<\/p>\n

\u201cThe DSE balance sheet,\u201d Tanzania Securities said, \u201cremained sound, registering a 10 per cent growth in total assets December 2018 and 2019\u201d.<\/p>\n

The brokerage firm said in last year Q3 the bourse better performance was mainly due to the once-off pre-arranged deal for the acquisition of 588,000,070 Vodacom Tanzania shares by Vodacom Group of South Africa that increased DSE\u2019s transaction fees to 1.58bn\/-and total turnover to 526.91bn\/-.<\/p>\n

On quarterly basis, DSE in Q4 recorded a sharp decline in revenue by 54 per cent to 1.86bn\/- from 4.04bn\/-realized in Q3 that ended last September.<\/p>\n

Key contributors to the Q4 revenue decline, compared to Q3, included transaction fees dropped by 90 per cent to 157m\/-from 1.58bn\/-, and registry and CSD fees decreased by 69 per cent from 611m\/-to 278m\/-.<\/p>\n

The Stock Exchange recorded a 16 per cent decreased in total expenses from 1.47bn\/-in Q3 to 1.23bn\/-in Q4.<\/p>\n

During the quarter under review, a total of 115,397,225 shares were transacted in Q4 from 639,887,517 shares in previous quarter. Market liquidity fell by 94 per cent to 33.33bn\/-from 526.91bn\/- turnover.<\/p>\n

In comparison to Q2 liquidity improved by 26 per cent from 26.37bn\/-. DSE is the second bourse in East African bloc to self-list after Kenya\u2019s Nairobi Securities Exchange. Only two exchanges in EAC are self-listed.<\/p>\n<\/div>\n

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DAR ES SALAAM Salaam Stock Exchange (DSE) net profit has doubled on a year basis, thanks to quarter three\u2019s once-off pre-arranged deal from Vodacom. The Dar exchange financial report showed that net profit increased 118 per cent to 3.65bn\/-at the end of last year from 1.67bn\/-attained in previous year. Tanzania Securities Limited (TSL) said on […]<\/p>\n","protected":false},"author":84,"featured_media":1529,"comment_status":"open","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"footnotes":""},"categories":[2,5,8],"tags":[886,171,1826],"class_list":["post-3190","post","type-post","status-publish","format-standard","has-post-thumbnail","hentry","category-all-news","category-economy","category-homepage-english","tag-dse","tag-eps","tag-tsl"],"yoast_head":"\nDSE DOUBLES YEARLY PROFIT - Tanzania<\/title>\n<meta name=\"description\" content=\"DAR ES SALAAM Salaam Stock Exchange (DSE) net profit has doubled on a year basis, thanks to quarter three\u2019s once-off pre-arranged deal from Vodacom.\" \/>\n<meta name=\"robots\" content=\"index, follow, max-snippet:-1, max-image-preview:large, max-video-preview:-1\" \/>\n<link rel=\"canonical\" href=\"https:\/\/www.africa-press.net\/tanzania\/economy\/dse-doubles-yearly-profit\" \/>\n<meta property=\"og:locale\" content=\"en_US\" \/>\n<meta property=\"og:type\" content=\"article\" \/>\n<meta property=\"og:title\" content=\"DSE DOUBLES YEARLY PROFIT\" \/>\n<meta property=\"og:description\" content=\"DAR ES SALAAM Salaam Stock Exchange (DSE) net profit has doubled on a year basis, thanks to quarter three\u2019s once-off pre-arranged deal from Vodacom.\" \/>\n<meta property=\"og:url\" content=\"https:\/\/www.africa-press.net\/tanzania\/economy\/dse-doubles-yearly-profit\" \/>\n<meta property=\"og:site_name\" content=\"Tanzania\" \/>\n<meta property=\"article:publisher\" content=\"https:\/\/www.facebook.com\/AfricaPressTunisiaa\" \/>\n<meta property=\"article:published_time\" content=\"2020-02-05T13:21:32+00:00\" \/>\n<meta property=\"og:image\" content=\"https:\/\/static.africa-press.net\/tanzania\/sites\/17\/2020\/01\/5de16ce0769b634daaa6b0916331ffeb.jpeg\" \/>\n\t<meta property=\"og:image:width\" content=\"700\" \/>\n\t<meta property=\"og:image:height\" content=\"400\" \/>\n\t<meta property=\"og:image:type\" content=\"image\/jpeg\" \/>\n<meta name=\"author\" content=\"cfeditoren\" \/>\n<meta name=\"twitter:card\" content=\"summary_large_image\" \/>\n<meta name=\"twitter:label1\" content=\"Written by\" \/>\n\t<meta name=\"twitter:data1\" content=\"cfeditoren\" \/>\n\t<meta name=\"twitter:label2\" content=\"Est. reading time\" \/>\n\t<meta name=\"twitter:data2\" content=\"2 minutes\" \/>\n<script type=\"application\/ld+json\" class=\"yoast-schema-graph\">{\"@context\":\"https:\/\/schema.org\",\"@graph\":[{\"@type\":\"Article\",\"@id\":\"https:\/\/www.africa-press.net\/tanzania\/economy\/dse-doubles-yearly-profit#article\",\"isPartOf\":{\"@id\":\"https:\/\/www.africa-press.net\/tanzania\/economy\/dse-doubles-yearly-profit\"},\"author\":{\"name\":\"cfeditoren\",\"@id\":\"https:\/\/www.africa-press.net\/tanzania\/#\/schema\/person\/068c7ab4e9634ae78ec5d54ec46598bb\"},\"headline\":\"DSE DOUBLES YEARLY PROFIT\",\"datePublished\":\"2020-02-05T13:21:32+00:00\",\"mainEntityOfPage\":{\"@id\":\"https:\/\/www.africa-press.net\/tanzania\/economy\/dse-doubles-yearly-profit\"},\"wordCount\":356,\"commentCount\":0,\"image\":{\"@id\":\"https:\/\/www.africa-press.net\/tanzania\/economy\/dse-doubles-yearly-profit#primaryimage\"},\"thumbnailUrl\":\"https:\/\/static.africa-press.net\/tanzania\/sites\/17\/2020\/01\/5de16ce0769b634daaa6b0916331ffeb.jpeg\",\"keywords\":[\"DSE\",\"EPS\",\"TSL\"],\"articleSection\":[\"all news\",\"Economy\",\"homepage-english\"],\"inLanguage\":\"en-US\",\"potentialAction\":[{\"@type\":\"CommentAction\",\"name\":\"Comment\",\"target\":[\"https:\/\/www.africa-press.net\/tanzania\/economy\/dse-doubles-yearly-profit#respond\"]}]},{\"@type\":\"WebPage\",\"@id\":\"https:\/\/www.africa-press.net\/tanzania\/economy\/dse-doubles-yearly-profit\",\"url\":\"https:\/\/www.africa-press.net\/tanzania\/economy\/dse-doubles-yearly-profit\",\"name\":\"DSE DOUBLES YEARLY PROFIT - 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