Business News of Wednesday, 1 January 2020Source: ghananewsagency.orgTDC rakes in 44 million Ghana cedis as gross earningsFile photoThe Tema Development Company (TDC) has raked in more than 44 million cedis as actual total revenue (Gross Earnings) from January to September 2019. Addressing an end of year thanksgiving service, Ms ELzabeth Mansa Banson, Board Chair, said GH¢44,135,431 was raised against the related period end budget of GH¢134,426,955. "Thus, the actual performance represented 32.83% of the period end budget and 24.53% of the 2019 annual budget," she stated. Compared to the same time last year, actual total revenue (gross earnings) for the nine-month period to September 2019 decreased by GH¢8,545,843 or 16.22% against same time last year’s gross earnings of GH¢52,681,274." She indicated that net profit before tax for the nine-month period ended 30 September 2019, amounted to GH¢15,131,995 against the related period end budget of GH¢11,916,343, representing 26.99% more than budgeted.

Source: GhanaWeb January 01, 2020 04:52 UTC