Malta International Airport plc – Interim Directors’ Statement – Q1 2017

May 16, 2017
|In Company Announcements
|By Jesmond Mizzi Financial Advisors

 The Company hereby announces that during the period under review (1 January – 31 March 2017) the financial position of the company has remained sound and the performance is superior to Q1 2016.

Passenger numbers in the period under review grew by 22.2%, resulting in a 15.8% increase in turnover, equivalent to Euro 13.4 million. Total expenditure for the period was of Euro 7.6 million, an increase of 5.3%.

The attached Profit (Loss) statement and the Balance Sheet show this positive development in the first quarter of 2017. The promising start to the summer season provides an optimistic outlook for the rest of 2017 with expectations for an overall positive result for 2017.