Record financial year for Malta Airport in 2012

Malta International Airport plc's total comprehensive income for 2012 net of tax increased from €11.9 to a record €12.46 million, signifying an increase of 4.71% over the previous year. 

Revenue increased from €52.4 million to €52.8 million. Although there was an increase of 4.1% in the number of passengers, the revenue from the Airport Segment decreased from €39.2 million to €38.3 million whilst the revenue from the Retail & Property Segment increased from €12.6 million to €14.1 million.

The Earnings before Interest, Taxation Depreciation and Amortization (EBITDA) increased by 4.05%; from €24.79 million to €25.8 million and the EBITDA margin increased from 47.28% to 48.84%. There was also an increase in profit before tax. Profit increased from €18.92 million to €19.46 million, an increase of 2.8%.

The results reflect the increased volume of traffic as well as the strict control exercised on the costs of the group, in a business environment which has a high level of fixed costs.

Operating costs were marginally lower than those of 2011. Utility costs were up from €2.8 million to €3.1 million, maintenance costs of buildings and equipment were up from €1.53 million to €1.71 million, and marketing costs were also up from €2.53 million to €2.83 million. There were also marginal increases in other operational costs such as Legal and Professional fees, rents payable, Charges for Service for Persons with Reduced Mobility (PRM), Staff Costs and Security fees. 

A further gross dividend of €0.061538 (net €0.040) per share will be paid to all shareholders on Friday 19 April 2013 and payable by not later than Wednesday 5 June 2013. This, together with the interim dividend already paid of a gross dividend of €0.046154 (net €0.030) per share affected on the 15^th September 2012 will bring the total and final dividend for the financial year ended 31^st December 2012, always based on the current 135,300,000 shares of the Company, to a gross final dividend of €0.107692 (net €0.070).

The Directors have also scheduled the Annual General Meeting of the Company for Tuesday 21^st May 2013. Shareholders on the registry of members at the Central Securities Depository as at close of business on Friday 19^th April 2013 shall be eligible to receive notice, attend and vote at the Annual General Meeting and to receive a copy of the Business Report with the notice.