Malta Properties Company plc Reports Unaudited Consolidated Earnings Results for the Six Months Ended June 30, 2018
Malta Properties Company plc reported unaudited consolidated earnings results for the six months ended June 30, 2018. For the six months, the company reported rental income of €1,639,868 against €1,538,256 a year ago. Operating profit was €1,117,784 against €1,065,954 a year ago. Profit before tax was €810,256 against €727,774 a year ago. Profit for the period - total comprehensive income was €501,818 against €447,047 a year ago. Earnings per share were €0.005 against €0.004 a year ago. Net cash generated from operating activities was €2,018,248 against €1,279,562 a year ago. Additions to investment property were €3,304,928 compared to €994,799 a year ago. Purchase of property, plant and equipment was €31,178 compared to €4,000 a year ago.