TAP is receiving signs of validation from investors in the financial markets for the quarterly accounts presented this Tuesday. After the airline announced that it closed the first half of the year with losses of 202.1 million euros (even so, an improvement over the same half of last year, when losses amounted to 493.1 million...
Tag: damages
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TAP with 202 million in losses in the semester, less than half of 2021
TAP closed the first six months of the year with a loss of 202.1 million euros, less than half the 493 million it had recorded in the same period of 2021. The operating result was positive by 4.4 million. The strong recovery in traffic allowed for a 938% increase in revenues to 1,321.2 million....
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Ukraine war damages exceed $113 billion
The losses of the Ukrainian economy due to the war started by Russia almost six months ago have reached $113 billion, according to estimates released this Sunday by the Kiev School of Economics. The figures were announced by Maksym Nefyodov, who leads projects to support the country's reconstruction at the KSE Institute, a center for...
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Credit Suisse increases losses to 267 million euros in the quarter
Credit Suisse saw its losses worsen to 273 million Swiss francs (267 million euros) in the first quarter, due to the costs of litigation and the consequences of the Russia-Ukraine war. According to the newspaper Económico, Credit Suisse's results continue to mirror the scandals that have affected the bank that already suffers the...
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Vandalization of infrastructure causes losses of over three million dollars to EDM in Niassa
The Electricity Company of Mozambique (EDM), in Niassa, is accumulating huge losses as a result of sabotage and vandalizing the infrastructure of the electricity distribution network. The most recent case of sabotage occurred last week in the village of Chissalanga, district of Sanga, where unknown people knocked down a power transmission pole with an axe.
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"Cyclone Gombe damage in Nampula is around USD five million," - EDM
The Electricity Company of Mozambique (EDM) has so far counted losses of about five million dollars as a result of damage caused to its infrastructure in Nampula province by Tropical Cyclone Gombe. The director of Revenue Protection and Loss Control at Electricidade de Moçambique, Amilton Álisson, indicated that the figures are...
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EDM adds up losses of 95 million meticais due to vandalization of electrical equipment
The Electricity Company of Mozambique (EDM) revealed today that it has recorded, from January to date, losses of about 95 million meticais, due to the vandalization of electrical equipment. According to the Director of Revenue Protection and Loss Control at EDM, Amilton Alisson, there are cases of children being involved in acts of vandalization...
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Government says fuel price increase was inevitable
The Minister of Mineral Resources and Energy, Max Tonela, said Monday that the increase in fuel prices in the country prevented a collapse in supply because importers and distributors in the sector were operating at a loss
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Terrorism generated more than 42 million meticais in losses in the business sector
Terrorism in Cabo Delgado has generated an estimated loss of more than 42 billion meticais in the province's business sector
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EDM Reports 10 Million in Losses from Cable Theft
Mozambique Electricity Company (EDM) in Nampula province, reports losses of about ten million meticals due to theft and vandalism of its infrastructure from January to this part. Isalde Guerreiro, the replacement of EDM's director in the Nampula branch, announced on Tuesday, following the presentation to journalists, by the National Service...