Swissport Tanzania was last weekend
declared the country winner of the 11th edition of the Financial
Reporting (FiRe) Award at an award ceremony in the Kenyan capital,
Nairobi.
The ground handler at the Julius Nyerere
International Airport and Kilimanjaro International airport beat CRDB
Bank and the National Microfinance Bank that had submitted entries to
the competition that had this year attracted 93 entries, the highest
since its inception in 2002.
FiRe award is an initiative by
Nairobi Securities Exchange, Capital Markets Authority and Institute of
Certified Public Accountants of Kenya to recognise excellence in
financial reporting among corporate bodies in the East African
Community.
The award seeks to promote and
institutionalise transparency, integrity and accountability in the
corporate reporting process. Participation in the award is voluntary and
free of any charge.
The organisations wishing to participate submit six
copies of their latest annual reports incorporating the financial
statements.
During the 2012 award NIC Bank of Kenya
scooped the overall award. Swissport Tanzania’s award comes hardly four
months after the company which also trades on the Dar es Salaam Stock
Exchange (DSE) announced half year pre-tax profit of 4.3bn/-,
attributable to increased number of executive jets, freighters and
imported cargoes as well as enhanced operational efficiency.
The number of flights handled increased
by eight per cent while cargo volume increased by 16 per cent compared
to the same period last year, the company announced last July.
It
announced plans to invest over nine million US dollars (about 15bn/-) in
the construction of a new import warehouse to cater for the increase in
cargo volume.
Source: The Daily News, http://www.dailynews.co.tz in Dar es Salaam
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