Malta Properties Company plc Reports Unaudited Consolidated Earnings Results for the Six Months Ended June 30, 2016
Malta Properties Company plc reported unaudited consolidated earnings results for the six months ended June 30, 2016. For the period, the company reported rental income was €1,662,925 against €1,608,500 a year ago. Operating profit was €1,370,713 against €1,587,645 a year ago. Profit before tax was €928,358 against €659,074 a year ago. Profit for the period - total comprehensive income was €551,115 against €1,702,723 a year ago. Earnings per share were €0.01 against €10.90 a year ago. Net cash generated from operating activities was €493,920 against net cash used in operating activities of €2,140 a year ago. Additions to investment property were €602,633. Purchase of property, plant and equipment was €3,717.