On 21 January 2010, MaltaPost plc announced its September 2009 full-year results. The financial statements show a 10% increase in pre-tax profits to €3.2 million as cost savings outweighed the marginal decline in revenue. After accounting for tax, the Company’s profit for the year amounted to just under €2 million representing a 4.9% increase over the profit registered in the previous financial year to 30 September 2008.
The Board of Directors is proposing a final net dividend of €0.04 per share (equivalent to last year’s dividend) for approval by shareholders at the upcoming Annual General Meeting which will be held on 24 February 2010. Shareholders as at close of trading on Tuesday 26 January 2010 will be entitled to this dividend and will also have the option of receiving this dividend in shares at an attribution price of €0.66 per share.