Mozambique: Cabo Delgado businesses 'in despair' following surge in attacks
File photo
Mozambique’s Ports and Railways (CFM) made a profit of just over 2 billion meticais in 2016, a 21 percent increase on the 2015 figure, Chairman of the CFM Board of Directors Miguel Matabel revealed yesterday.
According to the newspaper O País, Matabel said the result was encouraging, but the company must remain vigilant and be cautious in its next steps.
“In 2016, the company managed to achieve positive pre-tax net income amounting to 2.29 billion meticais (around US$35.3 million), against 1.89 billion meticais in 2015, representing an increase of 21 percent, which gives us some cause for optimism, while we remain cautious about the future that awaits us,” Matabel said.
Despite the positive results, the permanent secretary of the Ministry of Transport and Communications recommended that the company strengthen measures to address services provided to neighbouring countries.
The CFM directors meeting that began this Thursday and ends today has as its motto, “For a management focused on increasing production and productivity”.
Leave a Reply
Be the First to Comment!
You must be logged in to post a comment.
You must be logged in to post a comment.