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TAP S.A. achieves best ever result

In 2010 TAP S.A. achieved profits of EUR 62.3 million, a rise of 8.7% in relation to the previous year, enabling the company to return to a positive liquidity position which had ceased to exist in 2008. The company ended the 2010 financial year with a positive liquidity position of EUR 52 million. Cargo volume transported reached the 94,200 tonnes in 2010, a rise of 24% on the 76,200 tonnes transported the previous year, enabling it to exceed the revenue of EUR 85.5 million obtained in 2009 to EUR 112 million (+31%).

Maintenance & Engineering has returned to growth, having increased income from service provision to third parties from EUR 96.6 million to EUR 123.7 million, representing an increase of 28%.

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VP Sales & Business Development Americas
Tamar Jorssen
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Phone: +1 (778) 213 8543
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Malte Tamm
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Phone: +49 (0)162 8263049

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