{"id":37142,"date":"2021-09-22T17:13:22","date_gmt":"2021-09-22T17:13:22","guid":{"rendered":"https:\/\/www.africa-press.net\/tanzania\/?p=37142"},"modified":"2021-09-22T16:14:36","modified_gmt":"2021-09-22T16:14:36","slug":"nicol-outstanding-performance-spurs-share-prices","status":"publish","type":"post","link":"https:\/\/www.africa-press.net\/tanzania\/all-news\/nicol-outstanding-performance-spurs-share-prices","title":{"rendered":"NICOL outstanding performance spurs share prices"},"content":{"rendered":"

Africa-Press<\/a> – Tanzania<\/a>. <\/strong><\/span>NICOL Investment Plc value of its shares has increased tremendously on the Dar es Salaam Stock Market (DSE) thanks to the company\u2019s outstanding performances that saw its profit rising by 68 per cent in the first half of this year.<\/p>\n

The company\u2019s shares at the equity market rose to 250\/- from 170\/- previous, giving a positive signal for current and prospective investors to buy the shares.<\/p>\n

The NICOL Acting Chief Executive Officer, Erasto Ngamilaga, said that the profit came as a result of the increment of revenues in the season of half year 2021 which comes from investment in different companies including profit from treasury bills.<\/p>\n

Mr Ngamilaga said they have also managed to reduce operating costs by over 37 per cent and they continue with company improvements so that they can be able to provide an attractive dividend to its members.<\/p>\n

\u201cWe assure our members that the company is doing better and better and we promise to continue with this trend and our shareholders should expect a good dividend this year,\u201d he said.<\/p>\n

He said NICOL strategic plan is to continue with investment in various profitable projects adding that until the final financial report of the company, they have invested 7.6bn\/- in treasury bills and they expect to increase the amount of the investment up to 15bn\/-.<\/p>\n

He said the investment will help to improve revenues to its stakeholders, increase the dividend, help to increase the value of the company and increase the share prices in DSE.<\/p>\n

\u201cThe Board commends and appreciates its shareholders and different institutions which collaborate with NICOL in its daily operations and we call upon other people to take chance and invest with NICOL which continues to be strong in the market,\u201d he said.<\/p>\n

Speaking about the dividend and NICOL annual general meeting, Erasto said shareholders will be informed by the board once everything is clear.<\/p>\n","protected":false},"excerpt":{"rendered":"

Africa-Press – Tanzania. NICOL Investment Plc value of its shares has increased tremendously on the Dar es Salaam Stock Market (DSE) thanks to the company\u2019s outstanding performances that saw its profit rising by 68 per cent in the first half of this year. The company\u2019s shares at the equity market rose to 250\/- from 170\/- […]<\/p>\n","protected":false},"author":84,"featured_media":37141,"comment_status":"open","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"footnotes":""},"categories":[2,5,8,16],"tags":[6990,6991,711],"class_list":["post-37142","post","type-post","status-publish","format-standard","has-post-thumbnail","hentry","category-all-news","category-economy","category-homepage-english","category-twitter","tag-africa-press-2","tag-africa-press-tanzania","tag-tanzania"],"yoast_head":"\nNICOL outstanding performance spurs share prices - Tanzania<\/title>\n<meta name=\"description\" content=\"NICOL Investment Plc value of its shares has increased tremendously on the Dar es Salaam Stock Market (DSE) thanks to th ...\" \/>\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\/all-news\/nicol-outstanding-performance-spurs-share-prices\" \/>\n<meta property=\"og:locale\" content=\"en_US\" \/>\n<meta property=\"og:type\" content=\"article\" \/>\n<meta property=\"og:title\" content=\"NICOL outstanding performance spurs share prices\" \/>\n<meta property=\"og:description\" content=\"NICOL Investment Plc value of its shares has increased tremendously on the Dar es Salaam Stock Market (DSE) thanks to th ...\" \/>\n<meta property=\"og:url\" content=\"https:\/\/www.africa-press.net\/tanzania\/all-news\/nicol-outstanding-performance-spurs-share-prices\" \/>\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=\"2021-09-22T17:13:22+00:00\" \/>\n<meta property=\"og:image\" content=\"https:\/\/static.africa-press.net\/tanzania\/sites\/17\/2021\/09\/img-614b56501afee.jpg\" \/>\n\t<meta property=\"og:image:width\" content=\"1920\" \/>\n\t<meta property=\"og:image:height\" content=\"1344\" \/>\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\/all-news\/nicol-outstanding-performance-spurs-share-prices#article\",\"isPartOf\":{\"@id\":\"https:\/\/www.africa-press.net\/tanzania\/all-news\/nicol-outstanding-performance-spurs-share-prices\"},\"author\":{\"name\":\"cfeditoren\",\"@id\":\"https:\/\/www.africa-press.net\/tanzania\/#\/schema\/person\/068c7ab4e9634ae78ec5d54ec46598bb\"},\"headline\":\"NICOL outstanding performance spurs share prices\",\"datePublished\":\"2021-09-22T17:13:22+00:00\",\"mainEntityOfPage\":{\"@id\":\"https:\/\/www.africa-press.net\/tanzania\/all-news\/nicol-outstanding-performance-spurs-share-prices\"},\"wordCount\":321,\"commentCount\":0,\"image\":{\"@id\":\"https:\/\/www.africa-press.net\/tanzania\/all-news\/nicol-outstanding-performance-spurs-share-prices#primaryimage\"},\"thumbnailUrl\":\"https:\/\/static.africa-press.net\/tanzania\/sites\/17\/2021\/09\/img-614b56501afee.jpg\",\"keywords\":[\"Africa Press\",\"Africa Press-Tanzania\",\"tanzania\"],\"articleSection\":[\"all news\",\"Economy\",\"homepage-english\",\"twitter\"],\"inLanguage\":\"en-US\",\"potentialAction\":[{\"@type\":\"CommentAction\",\"name\":\"Comment\",\"target\":[\"https:\/\/www.africa-press.net\/tanzania\/all-news\/nicol-outstanding-performance-spurs-share-prices#respond\"]}]},{\"@type\":\"WebPage\",\"@id\":\"https:\/\/www.africa-press.net\/tanzania\/all-news\/nicol-outstanding-performance-spurs-share-prices\",\"url\":\"https:\/\/www.africa-press.net\/tanzania\/all-news\/nicol-outstanding-performance-spurs-share-prices\",\"name\":\"NICOL outstanding performance spurs share prices - 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