Maltapost plc – 2017 Preliminary Statement of Annual Results

Maltapost plc registered an annual profit before tax €3.1 million, for the financial year ended 31st September 2017, compared to €2.9 million in the previous year. The Company’s revenue amounted to €38.4 million, an increase of 37.1%, over 2016. Earnings per share (EPS) decreased by €0.01 to €0.05 for 2017. The decrease in the Company’s EPS, despite the increase in revenues is due to; the increases in the foreign direct mail costs and staff costs which increased from €25.1 million for 2016 to €35.5 million for the year ended 2017.

The Board of Directors further resolved to recommend for the approval of the Annual General Meeting, a final gross dividend of €0.0615 or €0.04 net. The Dividend, if approved at the Annual General Meeting, will be paid on 9 March 2018 to shareholders on the Company’s share register at the Central Securities Depository of the Malta Stock Exchange as at close of business on 9 January 2018.

To view the official announcement click here.