MIDI plc- Approval of Financial Statements

April 28, 2015
|In Company Announcements
|By Jesmond Mizzi Financial Advisors

MIDI plc announced that the Board of Directors approved the company's financial statements for the financial year ended December 31, 2014.

The group registered a loss before tax of €2.2m, compared to a €1.5m loss registered in 2013. Revenue for the period under review amounted to €13.3m, an increase of 70 per cent from 2013. Revenues from the development and sale of property amounted to €11.8m. This figure mainly relates to the sale of the T14 site located at Tigne Point for a consideration of €11.7m to Mid Knight Holdings Limited, a joint venture company between T14 Investments Limited (a MIDI wholly owned subsidiary) and Benny Holdings Limited.  

 

To view the official company announcement, click here.