Following the meeting of the Board of Directors held on the 20th of February 2019, the Company announced that Malta International Airport plc’s profits for the year ended 31st December 2018 increased from €24.2 million to €30.3 million.
Increases in revenues were registered by both the Company’s aviation and non-aviation activities. Group revenues for the year were €92,191,719 up from €82,369,154 in 2017. Aviation revenues, which grew by 11.1% to total €65.5 million, are largely attributable to an increase of 13.2% in traffic, which reached a new all-time high of 6,808,177 passenger movements in 2018.
With an increase of 14.1% to reach €26.7 million, the Company’s non-aviation activities also delivered positive results, in line with its corporate strategy. A positive trend was registered across most of the revenue streams within the retail and property portfolio, with particularly noteworthy contributions from the airport’s retail outlets and SkyParks Business Centre. Within this portfolio, the Company’s VIP products registered the biggest increase over 2017 (+36.3%).
The Earnings before Interest, Taxation, Depreciation and Amortisation (EBITDA) of the Group increased from €48.6 million to €54.4 million. At the said meeting the Board of Directors approved the financial statements for the financial year ended 31st December 2018. These statements can be viewed at the link here
Further to the net interim dividend of €0.030 per share (gross €0.046) paid, the Board of Directors is recommending the payment of a final net dividend of €0.090 per share (gross €0.138) on all shares settled as at close of business on Monday 15th April 2019, payable by not later than Wednesday 29th May 2019.
Finally, the Directors have also scheduled the Annual General Meeting of the Company for Wednesday 15th May 2019. Shareholders on the register of members at the Central Securities Depository as at close of business on Monday 15th April 2019 shall be eligible to receive notice, attend, and vote at the Annual General Meeting and to receive a copy of the Annual Report.