The following is a Company Announcement issued by MaltaPost p.l.c. pursuant to the Malta Financial Services Authority Listing Rules 9.51 and 9.53.
Interim Directors’ Statement
The Directors of MaltaPost p.l.c. advise that for the period 1st October 2009 to date, there were no material events and/or transactions which impacted materially on the financial position of the Company. MaltaPost plc has managed to achieve the same level of turnover as had been achieved during the previous corresponding period and operating profitability remains much in line with the forecasts established at the beginning of the Financial Year.
Monitoring of costs together with further efficient deployment of resources remain the cornerstone of the Company’s business strategy and this to enhance stakeholder value on an on-going basis. Conditions in the market place continue to follow assumptions previously made and this across all major revenue streams.
The Directors advise therefore that the financial fundamentals of the Company remain strong and believe that, barring unforeseen circumstances, the Company will achieve the performance targets set for the first six-month period of the Financial
Graham A. Fairclough
15th February 2010