Malta Properties Company plc – Preliminary Statement of Financial Results for the year ended 31 December 2016

The Group registered a profit before tax of €3.45 million, up from €1.42 million in 2015. Operating Profit for the year ended 2016 stood at €2.53 million a decline of 12.3% from the €2.89 million registered in 2015. The difference in the higher Profit before tax and the lower Operating profit emanate from a significant decrease in the finance costs and an adjustment arising on fair valuation of property of €1.69 million.

The Board of directors also recommended to the annual general meeting that no dividend will be paid.

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