Malta International Airport plc – Announces approval of the Interim Financial Statements and declaration of Interim Dividend

The Group announced a profit before tax of €17.11 million, for the first six months of 2017, marking a 34.6% increase over the same period in 2016. The increase in profitability came as a result of a €5.24 million increase in revenues over the same period, as costs remained relatively unchanged. The increase in revenue is attributed to the 20.3% increase in passenger movements, translated to a total of 2.64 million passenger movements.

The Group experienced increases in passenger growth in all main markets, with the UK, Germany, Italian and French markets all posting double digit growth for the period under review. Enhanced winter flying programme, and introduction of new routes with new airlines aided further the positive result.

EPS for the period under review increased from €0.0603 in 2016 to €0.0813 in 2017.The Board of Directors is proposing a net dividend of €0.03 per share to be settled as at close of business on Wednesday 23rd August 2017, and payable no later than Friday 22nd September 2017.

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