MIDI plc – Approval of Financial Statements

MIDI plc issued its approved financial results for the year ended December 31, 2015.

The Group reported a profit after tax of €9.9m, compared to a loss of €2.2m registered in the previous year. Profit for the year under review includes gains from changes in fair value of investment property, amounting to €4.9m before the impact of deferred taxation. The Group also reported more than a three fold increase in revenue from 2014 at €41m. Earnings per share stood at €0.046.

The Board of Directors resolved to recommend for approval, a final net dividend of €1.5m, equivalent to €0.007 per share which will be paid to shareholders on the Company's share register as at the close of business on April 11, 2016 and payable not later than May 27, 2016.

The company also announced that its Annual General Meeting will be held on May 12, 2016.

To view the official Company Announcement, click here.