SWISSPORT Tanzania has posted a net profit gain of 78 per cent thanks to increased traffic, foreign exchange, enhanced operational efficiency and strict cost control.
Swissport, the biggest ground handler in the country, announced the results yesterday saying last year's net profit ballooned from 7.48bn/- of 2013 to 13.31bn/- of 2014.
The handler attributed the robust performance to increased traffic, use of wide body aircraft by airlines and more important -- enhanced operational efficiency and strict cost control.
"The prospect of the local aviation market indicates a slight increase in the number of flights while the volumes of cargo are expected to remain constant at best," Swissport said in a statement.
More details here.
