MIA down 4.7% after 2015 results
The MSE Share Index halted a five-day positive streak today as it declined by 0.27% to 4,528.307 points, mainly due to the drop in the share price of MIA. Trading volumes rebounded as nearly €553,500 worth of shares changed hands.
The market reacted negatively to the publication of the 2015 financial statements of Malta International Airport plc yesterday evening. The share price dropped 8.9% to an intra-day low of €4.30 before partially recovering to the €4.50 level, which still represents a decline of 4.7% over yesterday’s close.
Total trading activity amounted to 33,650 shares. During 2015, MIA reported a 14.3% growth in pre-tax profits to a new record of €29.8 million (2014: €26.1 million).
The directors are recommending a final gross dividend of €0.107692 per share (2014: €0.1231), representing a 12.5% decrease over last year’s final dividend. The total gross dividend in respect of the 2015 financial year amounts to €0.153846 per share (2014: €0.1693). Shareholders as at the close of trading on 30 March will be eligible to receive the final dividend. This will be payable by 19 May following shareholders’ approval at the Annual General Meeting to be held on 4 May.
In the...