Malta International Airport plc - Interim Results

Malta International Airport plc published its interim results as at 30 June 2010 following a Board of Directors meeting held on 29 July. The Directors approved a net interim dividend of €0.03 per share (unchanged from last year’s interim dividend when adjusting for the recent share split). The dividend is payable to those shareholders on the Company’s register as at close of trading on Wednesday 4 August 2010. The shares will trade ex-dividend as from Thursday 5 August 2010.

During the first six months of 2010, MIA’s revenue increased by a significant 7.9% to €22.2 million over the same period of 2009 mainly as a result of a 10.3% rise in passenger movements due to additional seat capacity following the introduction of new routes by the various airlines including Ryanair and Easyjet. The rise in passenger numbers resulted in a €1.5 million increase in aviation fees whilst non- aviation revenue from the rental of property, car parking and recharges also experienced growth during the first six months of the year.

During the first half of the year, operating costs rose by 6.6% mainly due to increases in utility rates.  The Group’s profit after tax for the six months ended 30 June 2010 amounted to €3.6 million – 16.5% above the profit level generated in the same period last year.

Download a copy of the Malta International Airport Results 30 June 2010.

Comments are closed.