Mozal and Cahora Bassa dam head list of top 100 Mozambique companies

16 December 2005

Maputo, Mozambique, 15 Dec – The MOZAL aluminum factory and the Cahora Bassa Hydroelectric dam (HCB), of a which a majority stake is still held by Portugal, were ranked in 2004 as the two largest companies in Mozambique by turnover, according to an annual survey by auditing group KPMG.

According to the results of the survey, published Wednesday in Maputo, MOZAL, owned by Australian, South African and Japanese companies, led the ranking for the second year running with turnover US$101.4 billion and net profit of US$272 million.

In its turn, HCB, is the second largest company in the country, also for the second time in two years, with turnover of US$959 million and profits of US$538 million, a figure which was significantly higher than that achieved by MOZAL, KPMG said.

Mobile telephony company Mozambique Celular was placed third on the list of the 100 largest Mozambican companies. In 2004 it posted turnover of US$139 million while oil company Petromoc, in fourth place, had turnover of US$134 million.

The KPMG survey shows that total turnover of the 100 largest Mozambican companies rose by 47 percent to around US$3.6 billion.

Apart from net profit and turnover, the KPMG survey also includes figures for the companies’ net assets, shareholder equity, operating costs, number of workers and profit per worker.(macauhub)