Middlesea Insurance plc – Preliminary Financial Statements for the year ended 31 December 2013

Middlesea Insurance plc approved the audited financial statements for the financial year ended December 31, 2013, to be submitted for the approval of the shareholders at the AGM scheduled for April 29, 2014. The Board of Directors will also recommended the payment of a final net dividend of €3.52 million, equivalent to a gross dividend of €0.045 per share. The final dividend will be paid on May 28, 2014 to the shareholders on the company’s share register at the CSD of the MSE at the close of business as at May 6, 2014. The Group registered a profit before tax of €17.3 million, compared to €18 million registered in 2012. Total income form insurance activities for the period amounted to €13.4 million, a decline of 9.4% from 2012. Earnings per share decreased to €0.066. 

To view the official company announcement, click here.