Mediterranean Investments Holding plc – Group Half-Yearly Report

Mediterranean Investments Holding plc has announced that the Board of Directors has approved the Group Half-Yearly Report for the period ended June 30, 2015.

The Group registered a profit before tax of EUR 854,886, compared to EUR 8,026,044 registered in 2014. Revenue for the period under review amounted to EUR 7,942,480, a decline of 51 per cent from 2014. The reduction in revenue and operating profit was a natural consequence of the contraction in occupancy at Palm City Residences, bought about by the political unrest in Libya. Earnings per share decreased to EUR 0.014.

To view the official company announcement, click here.