Middlesea Insurance plc – Interim Financial Statements for the six month period ended 30 June 2009

August 26, 2009
|In Company Announcements
|By Jesmond Mizzi Financial Advisors

Middlesea Insurance plc – Interim Financial Statements for the six month period ended 30 June 2009

Middlesea Insurance plc announced that the Board of Directors, at a meeting held on August 25, 2009, approved the Interim Financial Statements for the six month period ended June 30, 2009.

The Group maintained its negative profitability, increasing the Loss before tax from EUR 2.1 million in 2008 to EUR 17.72 million in 2009, mainly due to the negative results registered by the Italian subsidiary Progress Assicurazioni SpA. Earnings per share for the period decreased from a negative EUR 0.062 to a negative EUR 0.687. The directors did not recommend the payment of an interim dividend.

To view the Interim Financial Statements, Click Here.