Marcopolo Tiles lays out K72m in dividends
Published On June 8, 2021 » 273 Views» By Times Reporter » Business, Stories
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•MARCOPOLO Tiles Company Limited chief executive officer, Roy Mwamba (right) presents a K16 million dummy cheque to Industrial Development Corporation Group chief executive officer, Mateyo Kaluba in Lusaka yesterday. Picture courtesy of IDC

By MAIMBOLWA MULIKELELA –
THE Industrial Development Corporation (IDC) has announced that Marcopolo Tiles Company Limited has declared dividends worth K72 million. IDC Group chief executive officer, Mateyo Kaluba said the tile company’s revenue grew by over 31 per cent to K522 million in 2020 from K397 million the previous year. Speaking in Lusaka yesterday, Mr Kaluba said the operating profit for Marcopolo Tiles grew by 42 per cent whereas net profit rose to K150 million in 2020 from K143 million the previous year.

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