FIMBank plc – Preliminary Statement of Annual Results

March 12, 2015
|In Company Announcements
|By Jesmond Mizzi Financial Advisors

FIMBank plc announced that the Board of Directors approved the consolidated audited financial statements for the financial year ended December 31, 2014 to be submitted for approval at the forthcoming Annual General Meeting (AGM) on May 7, 2015. The Group registered a loss before tax of $53.4m, compared to a $4.1m loss registered in 2013. Net interest income for the period under review amounted to $28.4m, an increase of 78% from 2013.

The Board of Directors will not be recommending a dividend, however subject to the regulator’s approval, the Board will instead be recommending a one for 10 bonus issue of ordinary shares by way of capitalisation of the share premium account.

 

To view the official company announcement, click here.