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THURSDAY 6 JANUARY 2022 • ISSUE 136
WWW.BUSINESSTODAY.COM.MT
PAGE 4
PAGE 3
PAUL COCKS
MALTAPOST plc registered €37.9 mil-
lion in turnover for the financial year
ended 30 September 2021, an 11.3% in-
crease over 2020, as all revenue streams
improved over the previous financial
year which was heavily impacted by
major disruptions due to COVID-19.
Postal revenues remained the pre-
dominant source of income at 87% of
the group's total revenues.
e total revenue for the financial
year ended 30 September 2021 also in-
cluded €0.4 million in insurance com-
mission following MaltaPost's diversi-
fication strategy to operate within this
sector through PostaInsure Agency
Limited (formerly Untours Insurance
Agents Limited).
MaltaPost plc turnover up by
11.3% to €37.9 million in 2020
GO's PEACE
project enters
final phase
STAR PERFORMER MSE FTSE 100
EUR EXCHANGE RATES
Trading Date: 5 Jan 2022
Number of Trades: 45
Turnover: €793,221.65
MSE TRX Index: 7,985.550
(Change: -0.825%)
Name 6% IHI PLC BNDS
MT0000481227 - Currency €
Last Traded 5 Jan, 2022
Price 103.000
Change 1.900
US Dollar 1.1337
British Pound: 0.83598
Japanese Yen: 131.28
Australian Dollar: 1.5606
Swiss Franc: 1.0374
7,519.99
0.020
7,529.97 / 7,484.28
Value
Net variation
High / Low
+14.84
Company registered
an operating profit
of €2.48 million,
12.7% lower than
the previous year's
comparable figure
THE PEACE project, an in-
vestment by GO of €25 mil-
lion in a third submarine
cable which will directly
connect Malta to France,
Egypt, and beyond, is enter-
ing its third and final phase.
The project, announced
last July, forms part of the
global PEACE System (Pa-
kistan East Afri-ca Con-
necting Europe) project – a
multi-million-euro connec-
tivity effort which consists
of a 15,000Km submarine
cable emulating the old ori-
ental silk route, connecting
countries across the globe
on its way from Asia to
France.
