Middlesea Insurance plc – Board approves half-yearly results

Middlesea Insurance plc – Board approves half-yearly results

Middlesea Insurance plc announced that the during a meeting held on August 12, 2010, the Board of Directors approved the unaudited financial statements of the Group for the financial half year ended June 30, 2010.

The Group registered a profit before tax of EUR 3.2 million, compared to a loss before tax of EUR 18.4 million in 2009. Total income from insurance activities rose by rose by more than triple the amount registered in the first six months of 2009, from EUR 1.2 million in 2009 to EUR 3.9 million in the first six months of this year. Earnings per share rose from a loss per share of EUR 0.694 to an earnings per share amounting to EUR 0.035. The Board of Directors did not recommend the payment of an interim dividend.

To view the Interim Financial Statements, Click Here.