A total net dividend 7c per share, representing a payment of €9,471,000, was approved earlier today during the annual general meeting Malta International Airport.

The AGM approved the airport's financial statement for the year ended December 31.

Outgoing chairman Andreas Schadenhofer said there was no doubt that the financial and operational results for 2011 were remarkable.

Having once again ranked as 'Best European Airport' across all categories in the Airport Service Quality Survey by the Airports Council International was a key indicator that MIA was really putting passengers at the centre of its activity.

The shareholders' investment was reaping the desired results, not only from the financial aspect, but also from an operational and reputational perspective.

Mr Schadenhofer thanked the management and staff for their commitment and dedication, and former CEO Julian Jaeger "for his leadership and vision as together with the team managed by him, the company managed to achieve these formidable results".

CEO Markus Klaushofer said MIA was an internationally acclaimed airport operation which punched above its weight.

He highlighted the company's financial results as well as the major achievements in the airport and retail and property segments.

Mr Klaushofer said the management continued to constantly monitor and control the company's cost-base, which included a decrease of 2.6 per cent in utilities cost and 12.5 per cent in security costs.

It also continued with the early retirement scheme initiated in the previous year to make the organisation leaner and more effective.

He reviewed the 6.5 per cent increase in passenger movements over 2010, with the total number of passengers reaching a record 3.5 million.

Mr Klaushofer said the retail and property segment achieved a 1.3 per cent growth, which had to be seen in the context of the 10.6 per cent increase in 2010 over 2009, when there was a 22.9 per cent growth over 2008.

"These results vindicate the company's diversification strategy which later on this year will be strengthened with the opening of the SkyParks Business Centre, which is expected to be inaugurated with 70 per cent confirmed occupancy."

He highlighted the company's contribution to the national economy and the airport's crucial role in the tourism industry.

The AGM elected a new board of directors. The new non-executive directors are Michael Bianchi, Jackie Camilleri, and Yousef Sabeh. They are joined by CEO Markus Klaushofer, CFO Austin Calleja and Nikolaus Gretzmacher and Michael Hoeferer.

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