On 15 February MaltaPost plc issued its Interim Directors’ Statement for the period 1 October 2009 to date. The postal operator explained that during the first few months of their 2009/10 financial year, the company managed to achieve the same level of turnover as that recorded in the comparable period while operating profitability remains in line with that forecasted at the beginning of the company’s financial year. The postal operator stated that the monitoring of its costs together with further efficient deployment of resources remains the foundation of the company’s business strategy in order to enhance stakeholder value on an ongoing basis.
Moreover, MaltaPost stated that the market place continues to follow the same assumptions made previously and the Directors reassured investors that the financial fundamentals of the company remain strong. The Directors also stated that, barring unforeseen circumstances, and the company will achieve the performance targets set for the first six-months of their financial year to 31 March 2010.