Issue link: https://maltatoday.uberflip.com/i/1162794
05.09.19 4 NEWS MEDSERV'S Interim Financial Statements published late last week show a very positive performance for the first half of the year and allow management to reaffirm their expec- tations for the full financial year, that of an FAS forecast for FY19 sales of €64.2m and adjusted EBITDA of €14.1m. e Company reported a gross profit of €3.8m, more than treble that reported inH118 and a margin of 12.6% compared to 6,4% in H118. e Group's adjusted earnings before in- terest, tax, depreciation and amortisation increased 81% to €6.2m. e Directors of the Company expect the performance achieved in the first six months of the year to improve in the second half of the year as it continues to service existing and potential new contracts. e full report may be obtained on the Company's website. In the announcement, the Company also makes reference to the prospective sale by the Company's major shareholders. e due diligence process is still ongoing and the Company will provide further infor- mation to the market once binding bids from bona fide offerors have been received. Medserv reports a very positive H119 business gossip GLOBALCAPITAL plc has posted a mid-year profit be- fore tax of €2.3 million, turning around a loss of €2.5m sustained during the same period last year. e Group has also seen sig- nificant growth of its asset base to €149m from €138m as at 31 December 2018, while in-force business also increased in value by €1.6m. Meanwhile, capital and re- serves increased by €1.3m from €18.5m to €19.8m, similarly technical provisions increased to GlobalCapital chairman Paolo Catalfamo said: "GlobalCapital has experienced much change in the past few years as we took a loss-making company and sought to turn it around." "From our mid-year results, it is clear that the comprehensive restructuring exercise we have undertaken is bearing fruit and the Group is now on a solid foot- ing to embark on further expan- sion." GlobalCapital intends to ex- pand the sales of life insurance products as well as creating more synergies between the life insurance and the asset manage- ment company which will result in lower costs and improved ef- ficiency. GlobalCapital restructuring bearing fruit Business Today is informed that Edwards Lowell, Malta's top retailer for luxury brands, will be launching a dedicated Patek Philippe Boutique where the Clarks outlet, formerly part of the Royal Pharmacy, currently stands in Republic Street Valletta. The company already operates a Rolex Boutique just across the road. Patek Philippe offers a range of luxury timepieces and gentleman's accessories. Following a Rolex Boutique ... time for a Patek Philippe outlet? DATA provided by Jobsplus for July 2019 in- dicate a decline of 176 persons registering un- der Part I and an increase of two among those registering under Part II of the unemployment register, when compared to the same month last year (Tables 5 and 8). Registered unemployed dropped among all age groups, with the exception of those aged less than 20 years. Registrants for work decreased when com- pared to July 2018, irrespective of how long they had been registering for work. e largest decrease was recorded among persons who had been registering for more than one year. e number of persons with a disability who were registering for work decreased by 53 when compared to the previous year, reaching 218. Men accounted for 69.7 per cent of total registrants with a disability. e largest share of men and women on the unemployment register sought occupations as clerical support workers with 18.4 per cent and 37.9 per cent respectively. Unemployment in July 2019 down 9.5% over July 2018 1 compared to the same month last year (Tables 5 and 8). Registered unemployed dropped among all age groups, with the exception of those aged less than 20 years (Table 1). Registrants for work decreased when compared to July 2018, irrespective of how long they had been registering for work. The largest decrease was recorded among persons who had been registering for more than one year (Table 2). The number of persons with a disability who were registering for work decreased by 53 when compared to the previous year, reaching 218. Men accounted for 69.7 per cent of total registrants with a disability (Table 3). The largest share of men and women on the unemployment register sought occupations as clerical support workers with 18.4 per cent and 37.9 per cent respectively (Table 4) https://twitter.com/NSOMALTA/ https://www.facebook.com/nsomalta/ Compiled by: Labour Market and Information Society Statistics Unit Contact us: National Statistics Offi ce, Lascaris, Valletta VLT 2000 T. +356 25997219, E. nso@gov.mt - ) 0 $ 0 - - $ 6 2 1 ' - ) 0 $ 0 - - $ 6 2 1 ' - ) 0 $ 0 - - QXPEHURISHUVRQV \HDU Chart 1. Registered unemployment