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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