Malta International Airport plc - Interim Results

Malta International Airport plc published its interim results as at 30 June 2009 following a Board of Directors meeting held on 30 July. The Directors approved a net interim dividend of €0.06 per share (unchanged of last year’s interim dividend) to those shareholders on the Company’s register as at close of trading on Wednesday 5 August 2009. The shares will trade ex-dividend as from Thursday 6 August 2009.

During the first six months of 2009, MIA’s revenue increased by 2.1% to €20.6 million over the same period of 2008. Revenue from regulated fees dropped by €1.1 million due to the 10.9% decline in passenger numbers experienced in the first six months of the year. However, revenue from retail commercial activity and from rental of property increased by €0.7 million. During the period, operating costs rose by 7.5% mainly due to the unexpected increase in the volume of services given to Persons with Reduced Mobility (PRM). The depreciation charge also surged by 16.8% reflecting the increased investments during the past six months specifically in the construction of the new shops, the works carried out on the taxiways and the replacement of the plant and machinery at the terminal. This resulted in an 8% drop in the profit from the period to €4.7 million.

A copy of the Preliminary Profits Announcement can be downloaded from here.

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