LifeStar Holding plc – Approval of Financial Statements
LifeStar Holding plc approved the consolidated annual financial statements for the financial year ended December 31, 2020 and resolved that they be submitted for approval of the shareholders at the forthcoming Annual General Meeting, to be held later in 2021.
Statement of profit or loss
Profit/loss before tax
2019 | 2020 |
-€2.1 million | -€1.1 million |
Earnings per share
2019 | 2020 |
3c9 | -2c7 |
Statement of financial position
Total assets
2019 | 2020 |
€153.7 million | €166.3 million |
Total liabilities
2019 | 2020 |
€134.6 million | €147.9 million |
Dividends
The directors do not recommend the payment of a dividend for 2020 as the Company had no distributable reserves at the end of the reporting period. No dividend was paid in 2019.
Outlook
The Directors intend to continue to operate in line with the Group’s current business plan. The Group is presently in the process of implementing a holistic strategic plan, which is designed to permanently resolve various legacy issues that continue to negatively impact the LifeStar Group. Consequently, the Group continues to explore possible ways to strengthen its capital base. In this respect, LifeStar Insurance Limited (LSI) has submitted a formal application to the Listing Authority for the admissibility to listing of its existing shares on the Official List of the Malta Stock Exchange.
Click here to download the full financial statement.