Yesterday afternoon Malta International Airport plc published its Interim Statement providing an update on its performance since the start of 2011. The Directors explained that MIA’s financial position remained sound and the performance has been in line with projected results. The announcement reiterated that although MIA registered a 16.4% growth in passenger numbers in the first four months of this year, the total passenger movements for 2011 is expected to be more or less in line with that of 2010. The 2011 passenger forecast will be revised around mid-July. On the ‘Retail and Property’ front, MIA noted that construction works at the new Sky Parks Business Centre continued to progress with the first tenants expected to move in by the end of 2011. During this morning’s session MIA’s share price retreated by 0.6% to the €1.71 level on volumes of just over 7,400 shares.
There were minimal changes today in the share prices of the two large banks. HSBC Bank Malta plc edged 0.2% higher to close at the €2.985 level across eight trades totalling 11,850 shares, while Bank of Valletta plc eased minimally lower to the €2.809 level on volumes of 8,451 shares. BOV yesterday revealed that it is seeking approval with respect to a €125 million Debt Issuance Programme which will be spread over a 12-month period. Further details will be issued in due course.
RS2 Software plc’s equity inched minimally lower to close at the €0.499 level despite last week’s positive Interim Statement. The Directors explained that its targets in terms of new licences for 2011 have already been met. RS2 also stated that they expect 2011 to continue building on the success of the past years, particularly that of 2010.