Malta Properties Company plc Reports Audited Group and Company Earnings Results for the Year Ended December 31, 2015
March 21, 2016 at 02:49 pm EDT
Malta Properties Company plc reported audited group and company earnings results for the year ended December 31, 2015. For the period, on group basis, the company reported rental income was 3,174,500 against 2,971,427 a year ago. Operating profit was 2,884,567 against 2,959,074 a year ago. Profit before tax was 1,416,393 against 886,024 a year ago. This was based on revenues from rental income of 3.2 million against 3.0 million in 2014 which increased by 6.8%. Profit for the year - total comprehensive income was 1,863,726 against 702,498 a year ago. Earnings per share were 0.071 against 4.502 a year ago. Net cash generated from operating activities was 4,146,540 against 421 a year ago. Acquisition of/additions to investment property were 2,655,831. Purchase of property, plant and equipment was 8,491.
For the period, on company basis, the company reported rental income was 719,000 against 639,884 a year ago. Operating profit was 441,918 against 638,174 a year ago. Profit before tax was 341,177 against 2,801,437 a year ago. Profit for the year - total comprehensive income was 302,967 against 2,534,829 a year ago. Net cash generated from operating activities was 4,213,144 against 202 a year ago. Acquisition of/additions to investment property were 2,655,831. Purchase of property, plant and equipment was 8,491.