€1.50
THURSDAY 25 MAY 2023 • ISSUE 207
WWW.BUSINESSTODAY.COM.MT
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Farsons Group reports
pre-tax profit of €15.3m
Accountants
welcome
metaverse but
urge caution
New Commission
rules to protect
retail investors in
the EU
PAUL COCKS
SIMONDS Farsons Cisk plc an-
nounced a pre-tax profit of €15.3 mil-
lion, up from €12.2 million in the pre-
vious year, as the Group published its
financial results for the year ending 31
January 2023.
The Group's turnover reached €118.2
million, an increase of 28.8 % from last
year's figure, with improved revenue
across all areas of operation.
These improved results come in the
wake of the particularly challenging
global macroeconomic and geopolit-
ical developments which the Group
had to navigate through during the
year.
These included the impact of the
Ukraine war and the lingering effects
of Covid-19, to which the Group was
highly exposed as a result of the im-
pact of the pandemic on the hospitali-
ty and entertainment industry.
Notwithstanding these circumstanc-
es, the Farsons Group increased its
volumes across various beverage and
food categories.
PAGE 3
STAR PERFORMER MSE FTSE 100
EUR EXCHANGE RATES
Trading Date: 24 May 2023
Number of Trades: 83
Turnover: € 631,520.61
MSE TRX Index: 7,674.28
Change: +0.025%
Name: 3.85% HLF UNSEC
MT0001891200 - Currency €
Last Traded: 24 May 2023
Price 97.500
Change +0.520
US Dollar 1.0388
British Pound: 0.86477
Japanese Yen: 144.59
Australian Dollar: 1.5451
Swiss Franc: 0.98700
7,587.67
75.67
7,592.39 / 7,512.00
Value
Net variation
High / Low
+1.01%
GasanZammit Motors Ltd.,
Triq il-Merghat, Zone 1, Central Business District, Birkirkara CBD 1020
Tel: 27788225 email: volvo@gasanzammit.com | www.volvocars.com.mt
The Volvo XC60
Farsons Group's turnover reached €118.2 million, an increase of 28.8 % from the previous year
