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According to the chairman of the board of directors of CFM, Agostinho Langa, this performance contrasts with the operating result of 1.63 billion meticais (€22.5 million) in 2023, a balance that is still provisional but already considered positive, despite the constraints in 2024, namely the impact of several months of post-election social unrest.
The operating results of the state-owned Porto e Caminhos de Ferro de Moçambique (CFM) rose 55% in 2024, to almost 2.52 billion meticais (€34.7 million), and more than seven million passengers were transported, the management announced.
According to the chairman of the board of directors of CFM, Agostinho Langa, this performance contrasts with the operating result of 1.63 billion meticais (€22.5 million) in 2023, a balance that is still provisional but already considered positive, despite the constraints in 2024, namely the impact of several months of post-election social unrest.
CFM operates the Ressano Garcia, Limpopo and Goba railway lines, the Beira Railway System, which includes the Sena, Machipanda and Marromeu rail lines, the section common to the three railway lines of the southern network and the Maputo shunting area, the general workshops of the south and centre of the country and the Matola Aluminium Terminal.
It also operates fuel terminals in all national ports, cereal and coal terminals in the port of Maputo, and the ports of Quelimane, Nacala, and Pemba.
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Viettel Global on May 5 revealed revenue growth of 22 per cent via its audited consolidated financial report for the first quarter of 2025.
The report shows that Viettel Global’s revenue from sales and services reached nearly VND9.66 trillion (USD 372 million) in 2024, up 22 per cent on-year. Consolidated pre-tax profits reached VND1.31 trillion (US$50.4 million).