FIMBank plc – Preliminary Statement of Annual Results for Financial Year ended 31 December 2012

FIMBank plc announced that the Board of Directors met in Kuwait on 6 March 2013 to approve the Consolidated Audited Financial Statements for the financial year ended 31 December 2012.

The Board of Directors resolved that the Consolidated Audited Financial Statements be submitted for approval by the shareholders at the forthcoming Annual General Meeting to be held in Malta on 2 May 2013. At that Meeting, the Board of Directors will be recommending the payment of a cash dividend of US$5,279,120, i.e. US cents 3.693149 per ordinary share.

Shareholders on the Register at the Central Securities Depository of the Malta Stock Exchange on 2 April 2013 (the 'Record Date', i.e. last trading date being 26 March 2013) will be entitled to receive notice of the Annual General Meeting and to the dividend.

The Group registered a profit before tax of USD 8,842,164, compared toUSD 8,281,503 registered in 2011. Net interest income for the period under review amounted to USD 12,975,759 a decline of 4% from 2011. EPS decreased to USD 0.0617.

To view the official company announcement, click here.