Tigne Mall plc – Approval of Financial Statements for 2015

Tigne Mall plc announced its financial results for the year ended December 31, 2015. The Company reports a profit before tax of €2.87 million, compared to the €2.32 million reported in the previous year. The rise in profit is attributed to an increase in revenue from additional retail space and higher turnover rents. Revenue for the period amounted to €5.7 million – up by 9.1 per cent from 2014. Earnings per share stood at €0.0293 cents.

Moreover, the Board of Directors shall recommend for approval at the next Annual General Meeting, the payment of a final net dividend of €0.0125 cents per share, to be paid on July 12, 2016 to shareholders on the shareholder register as at June 24, 2016.

To view the official Company Announcement, click here.