Middlesea Insurance plc – Preliminary Financial Statements for the year ended 31 December 2010

Middlesea Insurance plc – Preliminary Financial Statements for the year ended 31 December 2010

Middlesea Insurance plc announced that the board of directors approved the audited financial statements for the financial year ended December 31, 2010. The board resolved that the audited financial statements be submitted for approval at the shareholders at the AGM sheduled for  Tuesday, May 3, 2011.

The Group registered a profit before tax of  Eur 6.4m, compared to the previous financial year loss before tax of Eur 54.4m. Total income from insurance activities declined from Eur 8.5m to Eur 7.5m. Earnings per share for the financial year amounted to Eur 0.06, rising from last year’s loss per share of Eur 1.99.

To the view the annual financial statements, click here.