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MIA announces year profit of €19.46m

Malta Airport said today that it made a pre-tax profit of €19.46 million in the financial year which ended in December 2012, up from €18.92 million in the previous year.

It said that its total income for the year net of tax increased from €11.9 to a record €12.46 million, an increase of 4.71% over the previous year.

Revenue increased from €52.4 million to €52.8 million. Although there was an increase of 4.1% in the number of passengers, the revenue from the Airport Segment decreased from €39.2 million to €38.3 million whilst the revenue from the Retail & Property Segment increased from €12.6 million to €14.1 million.

Earnings before Interest, taxation depreciation and amortization (EBITDA) increased by 4.05%, from €24.79 million to €25.8 million, and the EBITDA margin increased from 47.28% to 48.84%. Pre-tax profit increased from €18.92 million to €19.46 million, an increase of 2.8%.

"These results reflect the increased volume of traffic as well as the strict control exercised on the costs of the group, in a business environment which has a high level of fixed costs," MIA said.

The financial statements as approved by the Board of Directors are available for viewing on the Company’s webportal: http://investors.maltairport.com

Dividend

The directors have resolved to propose a further gross dividend of €0.061538 (net €0.040) per share be paid to all shareholders on the register of members after settlement as at close of business on Friday April 19.  This will bring the total and final dividend for the financial year to a gross final dividend of €0.107692.

The Annual General Meeting will be held on May 21.

 

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