Malita Investments plc – Approval of Preliminary Statements of Annual Results

Malita Investments p.l.c. has approved the audited financial statements for the financial year ended 31 December 2013 on the 25 February 2014. The Board resolved that these audited financial statements be submitted for the approval of the shareholders at the forthcoming Annual General Meeting (“the AGM”) which is scheduled for Wednesday, 9 April 2014. 

The Company registered a profit before tax of €10 million, compared to€2.55 million registered in 2012. Revenue for the period under review amounted to €6.7 million. The Company’s revenues were mainly derived from ground rents received from its emphyteuta, the Malta International Airport (MIA) and the Valletta Cruise Port (VCP), as well as income related to the lease of the Parliament Building and the Open Air Theatre.

The Board of Directors further resolved to recommend for the approval of the Annual General Meeting the payment of a final gross dividend to the Ordinary ‘B’ shareholders in accordance with the Company’s Articles of Association, the amount of €604,110 or €0.0201 per share making for a final net dividend of €392,672 or €0.0131 per share. The final net dividend will be paid on Friday 11 April 2014 to the Shareholders on the Company’s share register at close of business at the Malta Stock Exchange on Monday 10 March 2014. 

To view the official company announcement, click here.