BOV reports profit before tax of €148.2 million for first half of 2024 In the first half of 2024, the Bank of Valletta Group delivered a strong financial performance, with pre-tax profits of €148.2 million, representing an increase of 40.9% over the same period last year. The increase in profitability resulted from strong growth in […]

Democratic presidential candidate Kamala Harris hit the campaign trail this week after President Joe Biden dropped out of the race. Vice President Kamala Harris opened up a marginal two-percentage-point lead over Republican Donald Trump after President Joe Biden ended his re-election campaign and passed the torch to her, a Reuters/Ipos found. That compares with a marginal two-point deficit Biden faced against Trump in last week’s poll before his Sunday exit […]

The Government of Malta will be launching a new issue of Malta Government Stocks:  – 3.40% Malta Government Stock 2027 (VI) Fungibility Issue (F.I.);   – 3.50% Malta Government Stock 2034 (III);   The Accountant General is offering an aggregate nominal amount of Euro 270,000,000 in any combination of the above Stocks subject to an over-allotment option […]

The Malta Financial Services Authority (MFSA) released its Annual Report, highlighting the stability and resilience of the Maltese financial services industry in 2023. The number of people employed in the local financial services sector grew by nearly 6,500 between 2019 and 2023 Financial Stability and Industry Strength Malta’s financial services sector is a major player […]

Hal Mann Vella Group p.l.c. has announced the issuance of €23,000,000 5.35% Secured Bonds maturing between 2031-2034, having a nominal value of €100 per bond issued and redeemable at par. Interest on the secured bonds will start accruing as from 26th July 2024. The period for the existing bonds to be exchanged to the secured bonds […]

ACI Worldwide and RS2 have joined forces to offer a one-stop solution for acquirers and issuers in Brazil.  ACI Worldwide, a global leader in mission-critical, real-time payments software and RS2, a global payments processor and technology provider, have joined forces to offer a one-stop solution for acquirers and issuers in Brazil. The new offering combines the […]

Passenger movements through Malta International Airport surpassed the 800,000-mark in May for the first time in the airport’s history, with this milestone being reached in July last year.  In fact, May’s 858,402 movements exceeded the airport’s previous passenger traffic record for the month, held by May 2023, by 18.2 per cent, or more than 132,000 […]

Timberland Invest Ltd will be participating in this issue as one of the authorized intermediaries and will be accepting applications for this bond.  The Bonds are guaranteed by Hili Ventures Limited (C 57902), a private limited liability company registered under the laws of Malta. On 4 June 2024, Hili Company plc (the “Issuer”) published a Prospectus […]

A year of growth recognition and strategic forward planning The year under review has seen continuing interest in Trident Park, leading to a further increase in occupancy levels. This momentum, coupled with changes in tenancies across other properties, has resulted in higher rental incomes. Revenues for the year amounted to €4.2 million, an impressive 79% […]

Farsons Group recorded a pre-tax profit of €16.1 million in the financial year FY23-24, representing a 4.9% increase from the €15.3 million reported in FY22-23. The figures were announced in the group’s Annual Report for the financial year, released on Wednesday During the financial year, Farsons Group’s revenue surged upwards by 12.4% to €132.9 million (FY22-23: […]

Yearly earnings for the budget airline are at a record level despite rises in fuel prices, higher staffing costs and delivery delays. Ryanair has revealed an after-tax profit of €1.92 billion in the year to March, an annual jump of 34%. The total surpasses the previous annual record of €1.45 billion, made in the year […]

Malta International Airport announced that it is adjusting its traffic forecast and financial guidance for 2024, as it expects to welcome 8.45 million passengers by the end of the year, surpassing 2023 results by approximately 650,000 passenger movements. “Building on the record results achieved in 2023, the airport reported a strong first quarter in 2024, with the […]