MaltaPost plc – Interim Directors` Statement

MaltaPost p.l.c. issued the following Company Announcement, pursuant to the Malta Financial Services Authority Listing Rules.

Interim Directors’ Statement

MaltaPost p.l.c. announces that during the period commencing 1 April 2015 up to the date of this Announcement, no material events and/or transactions have taken place that would have an impact on the financial performance of the Company, such that would require specific mention, disclosure or announcement pursuant to the applicable Listing Rules.

For the period under review, MaltaPost registered volume growth in its international mail services, registered mail, parcel and packets business which remain the main contributors to the increase in turnover when compared to the corresponding period last year. The revision of certain tariffs with effect from January 2014 also contributed towards mitigating part of the impact of decreasing Letter Mail volumes. Higher direct mail costs and depreciation were mitigated by write-backs of certain operational expenses, which may not be repeated in the latter part of the year.

The Board and Management are mindful of maintaining a sustainable Universal Service while seeking to continue diversifying the Company’s business to embrace various opportunities that e-commerce provides. Looking forward, the directors are confident that the Company will register an improved profit for the year ending 30 September 2015.

To view the official Company Announcement, click here.