Pavi Shopping Complex has reported an operating profit of €1.7 million for the six months ended October 31, an increase from the operating profit of €1.41 million made in the same six months of the previous year.

It said group operations witnessed a constant improvement in performance. Although turnover remained at the same level as the previous year, an increase in operating margins and a decline in administrative expenses resulted in the growth in operating profit.

Profit after tax was €984,125, up from €685,159 for the same period in the previous year.

Earnings per share now stand at €27.33 (2012: €19.03)

The board of directors said it expects the positive trend to be sustained. They did not recommend payment of an interim dividend.

 

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