The state-owned company Portos e Caminhos-de-Ferro de Moçambique (CFM) reported that its operating results stood at almost 2.5 billion meticals (38.7 million dollars) in 2024, an increase of 55 per cent compared to the 1.6 billion meticals (24.8 million meticals) recorded in 2023.
According to information from the organisation’s Chairman of the Board of Directors, Agostinho Langa, the figures show that activities were positive, despite the constraints faced last year, namely the impacts of several months of post-election social unrest and climate change.
The official quoted by Lusa said that in the period under review, pre-tax profits totalled more than 4.3 billion meticals (66.7 million dollars), half of the 8.7 billion meticals (134.9 million dollars) forecast.
‘In terms of planned investments for 2024, the company invested 7.6 billion meticals (117.9 million dollars), representing 95 percent of the plan, with the railway operated by CFM consuming 68 percent of the total, equivalent to 5.1 billion meticals (79.1 million dollars), namely in line rehabilitation projects and the acquisition of rolling stock, such as wagons and locomotives,’ he said.
On the lines operated by CFM, 12.9 million net tonnes were transported, an increase of 4% compared to 2023, meeting 84% of the stipulated target. On the other hand, the port area saw ‘a slight increase’ in 2024, with the company handling 66.5 million tonnes, compared to 63.4 million tonnes.
‘At the terminals, 13.2 million metric tonnes were handled during the period under review, compared to 12.3 million tonnes handled in 2023, representing growth of around 8%, and 96% achievement of the plan,’ added the chairmans.
