Following a meeting of the Board of Directors held on the 26th of February 2020, Malta International Airport plc announced that the Company’s profits for the year ended 31st December 2019 increased from €30.3 million to €33.9 million, representing an 11.9% growth when compared to 2018.
Both the Company’s aviation and non-aviation activities registered an increase over 2018, driving Group revenues for the year under review up to €100.2 million from €92.2 million in 2018.
Aviation revenues grew by 9.2% to total €70.8 million. Malta International Airport closed off 2019 with a new record of 7,310,289 passenger movements.
In line with Malta International Airport’s diversification strategy, the Company’s non-aviation activities too delivered solid results, with revenues for the Company’s Retail and Property segment registering an increase of 7.6% over 2018 to reach €29.1 million.
The Earnings before Interest, Taxation, Depreciation and Amortisation (EBITDA) of the Group increased from €54.4 million in 2018 to €63.2 million for the year under review.
At the said meeting the Board of Directors approved the financial statements for the financial year ended 31st December 2019. These statements are available here.
Further to the net interim dividends paid of EUR 4,059,000 (Gross: EUR 6,244,615), the Board of Directors is recommending the payment of a final net dividend of EUR 0.10 per share (Gross: EUR 0.154) on all shares settled as at close of business on Monday 13th April 2020, which dividend shall be paid not later than Wednesday 27th May 2020.
Finally, the Directors also announced that the Annual General Meeting of the Company will be held on Wednesday 13th May 2020*. Shareholders on the register of members at the Central Securities Depository as at close of business on Monday 13th April 2020 shall be eligible to receive notice, attend, and vote at the Annual General Meeting and to receive a copy of the Annual Report.
*Due to the Covid-19 pandemic, the Company’s 28th Annual General Meeting has been postponed to Wednesday 11th November 2020. For more information, please visit www.maltairport.com/agm.