MaltaPost plc – Interim Directors’ Statement

MaltaPost plc announced that during the financial period commencing on October 1, 2014 up to February 11, 2015, no material events and/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 pursuant to the applicable Listing Rule. 

For the period under review, MaltaPost registered an improvement in its financial performance when compared to that of the corresponding period last year and which is in line with expectations. The Company’s turnover registered an increase which was, in the main, due to new service offerings and the revision of certain tariffs, which came into effect on 1st January 2014. However, the impact of this increase on profitability was partially offset by higher staff costs and inflationary pressures on operating costs. Letter Mail volumes continued on their long-term downward trend while parcels and packets registered growth, especially over the Christmas period. 

Looking ahead, the Company remains focused on growing revenue through product and service diversification and by positioning itself as the leading e-commerce partner to both local and international business. The Board of Directors remains confident that this strategy ensures that MaltaPost will retain the confidence of its clients, continue to deliver a fair return to shareholders while providing a secure workplace for its staff. 

To view the official company announcement, click here.