Maltacom plc issued a Company Announcement on 23 May 2007 in compliance with Listing Rules 9.51 and 9.53. The Interim Directors’ Statement is based on the unaudited management accounts of Maltacom plc up to 30 April 2007.
Maltacom plc announced that results for the first four months of the year confirm trends already evident throughout last year. The Group continues to experience strong growth in retail mobile services which to a great extent is mitigating the negative impact, alreadybeing experienced, arising from the process driven by the EU leading to the regulation of roaming activity. Fixed line services continue to experience growth in broadband services, although this growth does not compensate for the continued decline in traditional fixed line services. Earlier this year Maltacom also completed the acquisition of DTTV operator Multiplus.
During the period under review, the Directors noted that the Group is carrying out aprogramme of streamlining its business activity, as well as driving cost control initiatives. However, profitability during the period remains strong although at a level below that of the comparative period last year.