MaltaPost plc – Preliminary Statement of Half Yearly Results
MaltaPost plc approved the unaudited consolidated condensed consolidated interim financial statements for the six-month period ended March 31, 2021.
Statement of profit or loss
Revenue
October-March 2020 | October-March 2021 | % Change |
€17.2 million | €20.2 million | 17.6% |
Profit before tax
H2 2020 | H1 2021 | % Change |
€1.41 million | €1.40 million | -0.4% |
Statement of financial position
Total assets
September 30, 2020 | March 31, 2021 | % Change |
€46.5 million | €50.5 million | 8.4% |
Total liabilities
September 30, 2020 | March 31, 2021 | % Change |
€19.4 million | €23.5 million | 21.5% |
Outlook
The outlook for the second half of the financial year remains challenging and difficult to forecast due to the pandemic-related uncertainties. As from July 1, 2021, VAT exemption will be removed also on goods from outside the EU with a value of below €22 in value. This development is expected to negatively impact our inbound small packet volumes. In the future, the board trusts that the authorisation of tariff revisions by the MCA will allow the Company to be fairly compensated in respect of its Universal Service Obligation.
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