Malta International Airport had reported a pre-tax profit of €18.92 million in 2011, an increase of 11.5% over 2010.
In a statement issued this evening, the company said its directors had proposed a further gross dividend of €0.061538 (net €0.040) per share.
This, together with the interim dividend of €0.046154 (net €0.030) per share will bring the total dividend for the financial year ended 31st December 2011, to a gross final dividend of €0.107692 (net €0.070).
The company said that passenger traffic increased by 6.5% over the record year figures of 2010.
"This achievement is more significant when one takes into consideration that the number of aircraft movements in 2011 was 3.2% less than in 2010 and that the total number of seats available was 0.9% less than 2010."
Cargo figures were 4.0% less than the previous year.
As a result of this increase in passenger traffic, revenue increased from €51.34 million to €52.43 million. The revenue from the aviation sector increased from €38.39 million to €39.20 million whilst the Retail and Property sector increased from €12.46 million to €12.62 million.
The Earnings before Interest, Taxation Depreciation and Amortization (EBITDA) of the Group increased by 6.72%; from €23.23 million to €24.79 million and the EBITDA margin increased from 45.25% to 47.28%.
Pre-tax profit increased from €16.97 million to €18.92 million. Consequently, the net profit of the Group increased from €10.69 to €11.91 million.
The retail and property segment increased by 1.28%; from €12.46 million to €12.62 million. This sector, MIA said, suffered from loss of revenue due to the lack of flights to and from Libya during most of 2011.
In general, the operating costs of the Group were maintained at the 2010 level. Staff costs decreased by 10.5% or €0.94 million mostly as a result of early retirement schemes initiated in previous years. However, a new retirement scheme was initiated in 2011 costing approximately €1 million.
On the other hand there were significant increases in marketing costs. In 2011, marketing costs went up from €1.96 million to €2.53 million.
MIA said the group concentrated its major investment efforts in the completion of the Skyparks Business Centre building. A total of €6.78 million was spent on this project during 2011, which together with the €2.84 million spent in 2010 brought the total investment in this building at 31 December 2011 to
€9.61 million. The building will be open for business in the second quarter of this year and will require a further €8 million in investment to completion.