Malta International Airport plc – Interim Directors’ Statement

The company announced that in the period since their 7 October announcement, no material events or transactions have taken place that would have an impact on the financial position of the Company, such that they would require specific mention, disclosure or announcement.

During the period under review (1 January 2016 – 30 September 2016), the financial position of the Company has remained sound and the performance has been much better than expected.  The turnover in the first nine months 2016 was of €55.5 million, an increase of 4.5% compared to the first three quarters of 2015. Total expenditure increased by 0.7% to €23.5 million.

The profit January to September 2016 increased by 10.0% to €17.1 million compared to the first three quarters of 2015. Earnings before interest and taxation stood at €27.1 million an increase of 7.8% over the previous three quarters of 2015. The company liquidated its holdings in four PV Farm Limited companies which were companies without business activities. 

To view the announcement, click here.