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On Wednesday 26th May 2022, Swissport Tanzania Plc held its 37th Annual General Meeting at Hyatt Regency Dar es Salaam, The Kilimanjaro located in Dar-es-Salaam. A virtual meeting was held at the same time through Microsoft Teams as well. Cargo handling services fully recovered by the end of 2021. Revenue from cargo handling increased by 7% to TZS 18.2 Billion (2020: TZS 16.97 Billion). This increase was attributed by a significant increase in flight frequencies handled during the year due to business recovery from COVID-19 and the growth of Air Tanzania operations. Cargo handling revenue represents 60.5% of the total revenues of the company. Ground handling is expected to fully recover by the end of 2022. These expectations are partly based on recovery business conditions from the impact of COVID-19. 2021 Staff Costs dropped by 26.8% to TZS TZS 11.59 Billion (2020: 14.70). This was part of the company's efforts to cut costs during the year. Finally, as of Dec 2021 the company is headed by a new Chairman - Mr. Dirk Gooverts. He has over 25 years of experience in the ground handling and cargo industries, and is believed to take the company to new levels going forward.
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Significant Turnaround for 2021 as TZS 2.15 Billion Profits Result to TZS 1.07 Billion Total Dividends
On Wednesday 26th May 2022, Swissport Tanzania Plc held its 37th Annual General Meeting at Hyatt Regency Dar es Salaam, The Kilimanjaro located in Dar-es-Salaam. A virtual meeting was held at the same time through Microsoft Teams as well.
Cargo handling services fully recovered by the end of 2021. Revenue from cargo handling increased by 7% to TZS 18.2 Billion (2020: TZS 16.97 Billion). This increase was attributed by a significant increase in flight frequencies handled during the year due to business recovery from COVID-19 and the growth of Air Tanzania operations. Cargo handling revenue represents 60.5% of the total revenues of the company.
Ground handling is expected to fully recover by the end of 2022. These expectations are partly based on recovery business conditions from the impact of COVID-19.
2021 Staff Costs dropped by 26.8% to TZS TZS 11.59 Billion (2020: 14.70). This was part of the company's efforts to cut costs during the year.
Finally, as of Dec 2021 the company is headed by a new Chairman - Mr. Dirk Gooverts. He has over 25 years of experience in the ground handling and cargo industries, and is believed to take the company to new levels going forward.
