Simonds Farsons Cisk plc – Approval of Interim Results and Dividend

The group registered a profit before tax of €5.8 million, compared to €4.8 million in 2015. Revenue for the period increased by €1.6 million to €45.8 million and increase of 3.6% from the same period in 2015. Earnings per share decreased from €0.211 to €0.185, this is as a result of the change in the income from discontinued operations from €1.8 million in 2015 to €5k for the period under review. Discontinued operations are normally considered one-off items in business operations.

The solid performance is attributed mainly to Malta’s strong economic growth, increased tourist arrivals and expenditures together with improvements in the performance of franchised food businesses and growth in the food importation subsidiary. The board is recommending an interim net dividend of  €0.0333 per share to be paid on the 19th October to shareholders on the register of members as at the 5th October.

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