Gozo Channel registers €1,014,025 profit in 2015

Gozo Channel has recovered from a loss of €1.6 million in 2012 to a profit of € 1,014,025 in 2015, a government statement reads.

In the statement, the government added that the Nationalist Party’s attempt to “take credit” for the positive turnaround, was “unbelievable”

The government credited the Gozo ministry’s decisions to introduce cheaper travelling fees both for Maltese people and for foreigners with securing the company’s turnaround.

“The lower fees also produced a record number of passengers that further boosted the economy of our sister island, particularly during the shoulder months,” the statement adds.

The statement further pointed out that the company had increased its winter schedule to make it easier for Gozitans and tourists alike to visit the island.

Quoting NSO statistics, the statement added that economic growth in Gozo had risen from 1.8% in 2012 to 8.1% in 2014.