Gozo Channel has today announced that during last year, the company registered a profit of €1,014,025.

Gozo Channel Chairman Joe Cordina, said in a statement that for the first time in its recent history, the company registered its first profit last year.

He added that this shows the commitment of the company, in turning the poor financial situation around that the company was in 2012.

"Gozo Channel ended the year 2012 with a loss of €1.6 million. The figure was reduced to €1.3 million in 2013," he said.

Mr Cordina concluded by saying that the "company is committed to continue to build on these positive results, as well as to continue to improve the service which it offers to the Maltese and Gozitan people and to the tourists who travel between the two islands."

Photograph: Copyright Alain Salvary

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