TAP WITH POSITIVE RESULTS FOR THE FIFTH CONSECUTIVE YEAR
In 2013, TAP reached a Net profit of 34 million Euro, which, when compared to 2012, shows an improvement of 42 per cent. Therefore, this was the fifth consecutive year with TAP achieving positive financial results.In parallel, the company’s net debt decreased from 791 million to 585 million EUR in 2013, thus decreasing from as much as 32 per cent to 24 per cent of the company’s total Revenue. The total debt, which had its peak in 2008 with 1,270 million Euro went on decreasing consistently since then, reaching the amount of 842 million Euro by the end of 2013, that is to say, reducing in
