SWISSPORT Tanzania Declares Dividend For 2015
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Commentary
The Board of Directors of Swissport tanzania Plc is pleased to announce the audited financial results for the year ended 31 December 2015. During the year, total revenues increased by 29% to TAS 57,356Million as compared to 2014. A net profit of TAS 18,137Million was achieved recording 40% growth when compared to the previous year. This good performance is mainly attributed to increased traffic, the use of bigger aircraft by our airline customers, foreign exchange gains and strict cost control.
New Import Cargo Warehouse
We have just started incrimental migration into the new warehouse and we recently commisioned equipment that is to be used in the facility. Full migration is expected to be in May 2016.
The expansion of and Installation of product compartments in the current export cargo cold storage facility at JNIA has been completed. This has significantly improved our capacity to handle perishable cargo. the foregoing developments are expected to enhance the equality of services offered to our cargo customers.
Dividend Payment
The Board is delighted to announce the final dividend of TAS 8,936M or TAS 248.22 per issued and fully paid share. An interim dividend of TAS 5,574M or TAS 154.84 per share was paid in November 2015 making the total dividend for the year to be TAS 14,510M or TAS 403.06 per issued and paid up share (2014: TAS 10,351M or TAS 287.50 per share). Pursuant to this declaration, the share register will be closed on 1 April 2016 and the last day of trading cum dividend shall be 29 March 2016. The final dividend will be paid out on or about 24 May 2016.
FROM MWANANCHI Newspaper (Tanzania Local Newspaper) 8 March 2016
