On 19 May, Plaza Centres plc issued its Interim Directors’ Statement covering the first four months of the current financial year. The Directors stated that despite the difficult market conditions, the Company maintained a satisfactory level of performance during this period in line with expectations and similar to those achieved in the comparable quarter of 2008.
Plaza also reported the completion of the refurbishment programme of the Shopping Centre on schedule at the end of April. Moreover Plaza received a Full Development Permit from the Malta Environment and Planning Authority to develop the Company’s next extension in Bisazza Lane.
The Directors concluded by stating that they remain cautiously optimistic of the Company’s performance notwithstanding the slow-down in economic activity on the global market.