Mozambique’s public ports and railway company (CFM) tripled its 2009 profit last year, Aim News has reported.
CFM chairman, Rosario Mualeia, announced pre-tax profits of MT1.49-billion for the 2010 financial year.
The significant increase in company profits, he added, is due to three main factors: a 79% increase in rail traffic revenue, a 57% increase in port handling revenue, and a 55% increase in income earned from concessions on railway lines and ports.