Malta International Airport plc said yesterday profits for the first six months of the year were up 13 per cent on the same period last year.

MIA made a profit of €4.48 million from January to June this year, up from €3.96 million during the same period in 2011.

Revenue from aviation fees represented 71.9 per cent of the total revenue of the company while the retail and property segment is 27 per cent.

Staff costs have decreased by 18 per cent to €3.7 million from €4.5 million due to a reduction in staff as a result of early retirement schemes implemented in 2010 and 2011, the company said.

The company revised its forecast for passenger figures for 2012 to a 1.5 per cent increase over 2011. This amounts to around 3.56 million passengers.

Sign up to our free newsletters

Get the best updates straight to your inbox:
Please select at least one mailing list.

You can unsubscribe at any time by clicking the link in the footer of our emails. We use Mailchimp as our marketing platform. By subscribing, you acknowledge that your information will be transferred to Mailchimp for processing.