MaltaPost plc - Interim Directors’ Statement

On 11 February, MaltaPost plc issued its Interim Directors’ Statement updating the market on its performance since the start of the financial year on 1 October 2014.

During the period under review, in line with expectations, the Company registered an improvement in its financial performance. Higher turnover was largely due to the growth in parcels and packets (especially during this Christmas period), new service offerings and the revision of certain tariffs with effect from 1 January 2014. These offset the long-term decline in traditional letter mail volumes as well as the adverse impact from increased staff costs and other operating expenses.

Looking ahead, the Company remains focused on growing revenue through product and service diversification as well as positioning itself as the leading e-commerce partner to both local and international business.