TOL Gases Ltd is mulling to start selling its products to Kenya, Zambia
and Zimbabwe as the company's 2014 profit more than doubles. Its net
profit jumped from 998m/- in 2013 to 2bn/- last year,
according to its latest financial statement.
The increase in profit, the
statement says, was a result of completion of the first round of the
rehabilitation of its Aspen plant. The completion improved reliability
and efficiency.
On average according to the statement, the plant is
producing at 80 to 90 percent efficiency. "Total power consumption per
cubic metre of gas produced has gone down by 43 per cent.
The plant now
can produce crude argon and it is expected that the plant will be in a
position to produce pure argon in the second phase of repairs expected
in the last quarter of 2015," reads the report.
Source: The Citizen, reported by Veneranda Sumila, from Dar es Salaam, Tanzania
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