- DAILY NEWS Reporter
SWISSPORT Tanzania has registered 22 per cent decline of profit last year to 11.93bn/- from 15.23bn/- posted on 2016 due to decrease in the number of flights handled.
According to Swissport financial results
for the year ended 2017, lower production of the company’s key airline
customers and loss of revenue for overstayed cargo contributed to the
reduced number of flights handled.
During the year under review, ground and
cargo handling revenues decreased by 12 per cent and 8 per cent
respectively resulting into 10 per cent fall of total revenue to
51.59bn/- from 57.50bn/- in 2016. However, the operating costs decreased
by 4 per cent due to cost control initiatives implemented in the period
under review.
This includes an increase in
amortisation costs to 1.17bn/-. Swissport future projection is not
envisaged on a significant growth in volume of flights and cargo to be
handled in the current financial year.
“To retain our customers and remain
competitive, we will be focusing on health and safety, enhancing the
quality of the services to meet and exceed customers’ expectations,
investing in new ground support equipment, warehouse infrastructure,
technology and human resources. We are optimistic that the company’s
financial performance in 2018 will remain stable and healthy,” stated
the report.
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