MaltaPost plc – Preliminary Statement of Half Yearly Results 2016

MaltaPost plc announced its Interim Financial Statements for the six-month period ending March 31, 2016. 

The increase in international mail services, registered mail and parcel activities boosted revenue by five per cent to €14million. However, the company reported a profit before tax of €1.7million – down by 34 per cent from the comparable period in 2015.  The results for this half-year are in line with projections as one-off items recorded in the six months ending March 2015 were not repeated in the period under review. 

The company remains focused to diversify its revenue stream due to the continued decline in revenue from traditional letter mail. 

Earnings per share stood at €0.03.

To view the official Company Announcement, click here.