MaltaPost plc – Preliminary Statement of Annual Results 2011
MaltaPost plc – Preliminary Statement of Annual Results 2011MaltaPost plc announced that the Board of Directors approved the Preliminary Statements of annual results as extracted from the Company’s Financial Statements for the year ended September 30, 2011 that were audited by PwC and approved by the Board of Directors on the December 1, 2011. The Board resolved these audited Financial Statements be submitted for the approval of the shareholders at the forthcoming Annual General Meeting scheduled for the January 17, 2012.The following is a summary of the Annual results of the Company:Revenue increased from EUR 20.4m to EUR 21.39m (increase of 4.9%)Profit before tax declined from EUR 3.2m to EUR 3.04mEarnings per share declined to EUR 0.06The Board of Directors further resolved to recommend for the approval of the Annual General Meeting:The payment of a final ordinary net dividend of EUR 0.04 per nominal EUR 0.25 shareThat shareholders be given the option of receiving the dividend in cash or by the issue of new shares. The Attribution Price, at which the number of new shares to be issued will be determined, has been established at EUR 0.98 per nominal EUR 0.25 shareShareholders on the Company’s share register at the Central Securities Depository of the Malta Stock Exchange, as at close of business on the December 17, 2011 will receive notice of the Annual General Meeting together with the Financial Statements for the financial year ended September 30, 2011.The final dividend, if approved at the Annual General Meeting, will be paid on the January 30, 2012 to shareholders on the Company’s share register at the Central Securities Depository of the Malta Stock Exchange as at close of business on the December 17, 2011.To view the Annual Financial Statements, Click Here.