Malta Properties Company plc – Approval of Financial Statements

March 22, 2016
|In Company Announcements
|By Jesmond Mizzi Financial Advisors

Malta Properties Company plc announced its Preliminary Statement of Group Results and State of Affairs for the year ended and as at 31 December 2015. 

The Group reported a profit before tax of €1.42m, compared to the €886k recorded in the previous year. However, due to a tax credit of €447k, the profit after tax rose to €1.86m. Rental Income for the year rose by 6.8 per cent to €3.17m. Administrative expenses also increased as a consequence of the company's independent operation of the Group and its listing on the Malta Stock Exchange.

 

The Board of Directors also recommended to the annual general meeting that no dividend will be paid.

 

To view the official Company Announcement, click here.