Malta International Airport’s profits increased from €16.8 million to €19.3 million, the company announced today.

It said the increase signalled that the company was on the right path to proceed with the next stages of its ambitious investment plan for this year and beyond. 

Increases in revenues were registered by both the company’s aviation and non-aviation segments. The global sum of group revenues for last year was €66,965,843, up from €64,290,433 in 2014. Aviation revenues, which grew by four per cent to €46.4 million, were largely attributable to the record number of guests travelling through the airport last year.

With an increase of five per cent to €20 million, the company noted that it had once again achieved its target split of 30 per cent of group revenues for its non-aviation segment. SkyParks Business Centre was a key driver for non-aviation results, most notably since it has now reached its full retail and office potential. Contributions from the airport’s retail outlets, car park, and VIP product also led to growth in non-aviation revenues.

“Our positive financial performance puts us on the right track to realising our €78 million investment plan. This significant commitment includes a €40 million investment in enhancing our non-aviation segment further through the development of SkyParks 2, together with our €28million terminal expansion, scheduled to commence later on this year. We look forward to building on our successes to continue investing in both our product and our people,” MIA CEO Alan Borg said.

The board of directors also approved a further gross dividend of 10c7692 per share be paid to all shareholders on the register of members after settlement as at close of business on April 4, payable by May 19. This, together with the interim dividend already paid shall be proposed to the shareholders for the financial year ended December 31, equivalent to a gross final dividend of 15c3846 per share (net 10c).