Issue link: https://maltatoday.uberflip.com/i/1478015
maltatoday | SUNDAY • 4 SEPTEMBER 2022 14 COMMERCIAL TODAY, the 25th of August, The Concept Sta- ed Co-Founder and now Guardian Angel is the The Convenience Shop almost doubles before-tax profit in first half of 2022 THE Convenience Shop Group recorded a positive financial performance for the first six months of this year, between January 1 and June 30. The Group registered a turnover of € 19.4m in the first half of 2022, which translates into a 20% growth over the same six- month period in 2021. It also recorded a gross profit of €2.5m and an operat- ing profit of €1.2m, rep- resenting 6% of turnover and an improvement of 2.1 percentage points over the same period ended 30 June 2021. Profit before tax amounted to €906,000, nearly doubling its perfor- mance from last year. The first six months of 2022 also brought other major achievements and milestones for the Group, most notably its partner- ship with Coop Italian Food – the international branch of Coop Italy – which op- erates the largest chain of supermarkets in Italy and exports Italian food world- wide. Through this part- nership, customers in Malta can now exclusively access a wide range of Coop Italian Food products. As Malta's largest food re- tail chain, The Convenience Shop continues to enjoy impressive growth, recently opening its 80th outlet in Birzebbugia, and with plans to further expand its fran- chise network by the end of the year. For the first six months of 2022, total fran- chise turnover increased by 17% over the same six- month period in 2021. More information avail- able at www.thecon- venienceshop.com. Melita launches Samsung Galaxy Z limited offer MELITA Limited is launching a limited of- fer on the latest Samsung Galaxy Z Flip 4 and Fold 4 models, the latest foldable handsets. Foldables contin- ue to be the fastest growing smartphone product cate- gory this year expected to grow by 75% in 2022 due to more and more custom- ers realising the benefits of having a bigger display in a compact foldable body. Cli- ents who place a pre-order for these high-end 5G en- abled devices will benefit from a free Galaxy Watch 5 worth €379 with the Fold handset or, with the Flip handset, Galaxy Buds 2 Pro worth €229. The offer is based on lim- ited stock and on a first come first served basis. Interested clients can find more details on the offer here: https://www.melita. com/mobile/samsung-gal- axy-unpacked/ For more information on the full range of mobile handsets offered by Melita visit https://www.melita. com/mobile-phones/ MALTA'S flagship conference on the economy, business, and for- eign investment, EY-Parthenon's Future Realised Conference (for- merly known as the Malta At- tractiveness Event), returns on the 18 October in person at the Malta Mediterranean Confer- ence Centre, featuring Malta's Prime Minister, Robert Abela and Opposition Leader Bernard Grech. The high-profile event gathers 1,000 CEOs and leaders from the public and private sectors, along- side many foreign investors, to debate key global and local issues and opportunities focusing on FDI, the economy, sustainability, people, and technology. Top global speakers will deep- dive into Europe's economic outlook, history, and the current geopolitical situation emanating from the Ukraine war. This will set the scene for discussions on how Malta can weather the cur- rent international storm, with a focus on investment and resil- ience. The speaker line-up includes former European leaders: Jan Pe- ter Balkenende, the three-time former Prime Minister of the Netherlands, Jan Krzysztof Bie- lecki the former Prime Minister of Poland, and an address from Danilo Turk, the former Presi- dent of Slovenia and UN Assis- tant Secretary General for Po- litical Affairs who is the current President of Club de Madrid, (the largest forum of former demo- cratic presidents and prime min- isters). The European Parliament President, Roberta Metsola, will deliver an address on the Future of Europe. A keynote speech on the his- tory of Europe will shine a spot- light on the current geopolitical challenges. Renowned author, broadcaster, commentator and traveller, Norman Davies, whose books Europe: A History, Europe East & West, Beneath Another Sky, and Vanished Kingdoms, among many others, make him an authority on all things Europe. He will provide key insights on the current conflict, and thoughts on the outlook and role for Malta through the lenses of the past. Other prominent speakers in- cluding key government minis- ters, local and international CE- Os, and influential figures from academia and society, and var- ious top global leaders from EY. This year's event is split into three main areas. The event kicks off with an analysis of geopolitics and conflict in Europe. A deep dive on the local and interna- tional economic outlook follows, exploring potential economic scenarios, inflation and interest rate rises, and the impact this has on businesses and the strategies to pursue in times of uncertainty and volatility. The second section focuses on the results of the 18th Malta Attractiveness Survey, an annual study conducted among current FDI companies in Malta, which will outline investors' sen- timents on Malta's attractiveness for foreign investment and the impact of the current geopolitical tensions, the recovery from COV- ID-19, and the FATF grey-listing. The results, announced by Ron- ald Attard, EY Malta Country Managing Partner and by Simon Barberi, EY Director and Attrac- tiveness Programme Lead, pro- vide the snapshot on Malta's in- vestment strengths and areas for improvement. Finally, discussions move to the key national drivers for invest- ment looking ahead. Global tax policy reform and the potential implications for Malta will be dis- cussed, alongside focus areas for Malta looking ahead: digital and innovation; infrastructure; re- newables and the new European energy agenda; sustainability; and skills and talent. In addition, several sectoral workshops will provide specific insight into industries which are the bedrock of Malta's econo- my, including Financial Servic- es, Gaming, Manufacturing and more while providing a space to discuss how these sectors and ecosystems are evolving and the opportunities ahead. An expo space will be open for pre-registration on the day before with delegates being given time to network and meet up with peers alike throughout the event itself. Taking place on the 18th of Oc- tober at the Mediterranean Con- ference Centre in Valletta, the event is being held in collabora- tion with The Malta Chamber of Commerce, Enterprise, and In- dustry. Find out more and register: ey.com/en_mt/events/malta-fu- ture-realised-2022 Local and international experts to debate Malta's economy during EY-Parthenon's Future Realised 2022