Issue link: https://maltatoday.uberflip.com/i/867386
maltatoday, WEDNESDAY, 30 AUGUST 2017 12 Business Today Regular market closed – 29/08/2017 Symbol Code Volume Traded Value Traded Trades High Price Low Price Open Price Close Price Change t BOV 390 818.22 1 2.098 2.098 2.098 2.098 -0.002 l GO 3,323 11,796.65 1 3.550 3.550 3.550 3.550 0.000 t HSB 7,500 14,415.00 2 1.930 1.920 1.930 1.920 -0.020 s IHI 2,800 1,708.00 2 0.610 0.610 0.610 0.610 0.010 s MIA 2,790 11,634.30 2 4.170 4.170 4.170 4.170 0.010 l PG 2,800 3,920.00 1 1.400 1.400 1.400 1.400 0.000 l PZC 5,100 5,304.00 3 1.040 1.040 1.040 1.040 0.000 t G20B 3,000 3,372.00 1 112.400 112.400 112.400 112.400 -0.050 s G21A 100,000 119,432.37 6 119.440 119.400 119.400 119.440 0.060 l G22A 50,052 62,213.58 2 124.300 124.270 124.300 124.270 0.000 s G22B 53,000 63,325.10 5 119.510 119.450 119.450 119.510 0.080 t G23A 2,330 3,025.51 1 129.850 129.850 129.850 129.850 -0.050 t G27AC 1,000,000 1,035,000.00 2 103.500 103.500 103.500 103.500 -1.000 s G28A 8,000 10,833.60 1 135.420 135.420 135.420 135.420 0.030 s G28B 50,000 66,275.00 2 132.550 132.550 132.550 132.550 0.030 t G29B 62,500 68,180.15 9 109.270 108.770 108.770 108.970 -0.110 s G30A 5,000 7,183.50 1 143.670 143.670 143.670 143.670 0.230 s G31A 8,000 11,614.00 2 145.180 145.160 145.160 145.180 0.020 s G33A 12,000 16,350.00 1 136.250 136.250 136.250 136.250 0.330 s G34A 96,000 127,945.20 4 133.420 133.120 133.420 133.120 0.080 s G35A 28,000 29,397.00 3 105.000 104.950 104.950 105.000 0.430 s G36A 351,300 375,711.70 8 107.000 106.900 107.000 106.900 0.320 s G39A 479,700 479,226.88 23 99.990 99.700 99.740 99.700 0.180 s G40A 35,100 40,357.64 5 115.120 114.780 114.780 115.120 0.340 t G41A 93,200 96,804.35 6 103.940 103.750 103.750 103.850 -0.150 t BV30A 38,300 37,537.83 1 98.010 98.010 98.010 98.010 -0.490 l CB25A 18,800 19,411.00 1 103.250 103.250 103.250 103.250 0.000 l EF27A 4,000 4,108.00 1 102.700 102.700 102.700 102.700 0.000 l HB18A 12,600 13,167.00 1 104.500 104.500 104.500 104.500 0.000 t PC26A 5,000 5,095.00 1 101.900 101.900 101.900 101.900 -0.900 l PT24A 50,000 51,000.00 4 102.000 102.000 102.000 102.000 0.000 t SD27A 19,200 19,680.00 3 102.500 102.500 102.500 102.500 -0.500 Market Summary as at 29/08/2017 Equity Official List Session State ................................................................... Market Closed Number of trades ............................................................. 106 Volume Traded ................................................................. 2,609,785 Value of € denominated securities .................................... 2,815,842.58 Value of US$ denominated securities ................................ 0.00 Value of GBP£ denominated securities .............................. 0.00 Current Index ................................................................... - Previous Index ................................................................. - Change in Index (%) ......................................................... - Bank of Valletta plc ........................ 2.100 -0.94% Medserv plc .................................. 1.335 0.00% FIMBank plc .................................. 0.750 0.00% Mapfre Middlesea plc .................... 1.939 0.00% GlobalCapital plc ........................... 0.301 0.00% MIDI plc ........................................ 0.310 0.00% GO plc ........................................... 3.550 -1.36% Plaza Centres plc ........................... 1.040 -3.53% Grand Harbour Marina plc ............. 0.894 0.00% RS2 Software plc............................ 1.780 0.00% HSBC Bank Malta plc ..................... 1.940 0.00% Simonds Farsons Cisk plc ............... 8.000 2.56% International Hotel Investments plc 0.600 -2.44% Tigné Mall plc ................................ 0.915 -6.35% Lombard Bank Malta plc ................ 2.360 0.00% Pefaco International plc ................. 2.240 0.00% Malita Investments plc ................... 0.750 0.00% Santumas Shareholdings plc ......... 2.151 0.00% Malta International Airport plc ....... 4.160 -0.24% Malta Properties Company plc ........ 0.502 -5.82% MaltaPost plc ................................. 1.980 0.00% PG plc ........................................... 1.400 0.72% MSE Index FIMBank announces positive half-yearly results FIMBank Group's financial results for the first six months of 2017 extend the profitability trend, reflecting the ongo- ing success of a transformation strat- egy which the group has actively pur- sued since 2015. FIMBank registered a profit after tax of USD4.12 million, compared to a profit of USD1.21 mil- lion for the same six-month period in 2016. These figures emerge from the group's interim financial statements for 2017, which were approved at a meeting of the board of directors on 9 August, 2017. At 30 June, 2017, total consolidated assets stood at USD1.73 billion, in line with the position at end 2016, while total consolidated liabilities stood at USD1.55 billion, also at par with the figure for end 2016. During the period under review, net income rose from USD21.01 million to USD25.44 million. The group's operating results before impairments, marked-to-market adjustments, and share-of-equity results, were USD3.2 million higher when compared with the second half of 2016. The period under review also saw an increase in operating expenses, up by 13 per cent to USD21.22 million, largely reflecting an increase in regulatory costs. Meanwhile, in another milestone achievement, the group made a net impairment gain of USD1.76 million in the period under review, compared to a loss of USD0.18 million in 2016. Commenting on the financial results, FIMBank Group CEO Murali Subramanian stated that "the positive financial results we have announced reflect, even without the one-off gain, progression resulting from the efficiency enhancements and portfolio quality improvement. Throughout the first half of 2017, we sharpened revenue generation without growth, benefitting from the risk management and operational efficiencies we have been undertaking for the past two years, whilst optimising on our capital and funding resources. It is primarily to these that we owe the significantly higher net profits registered this year to date". FIMBank Group chairman John C. Grech stated that the board was very encouraged by the results of the first half of 2017, adding that "we are confident that this trend will be sustained throughout the rest of the year. We will build on our strengths and ongoing successes to ensure value creation to all FIMBank stakeholders and to reap the benefits of the excellent work undertaken by our senior management in the past critical months." With regard to the immediate outlook for the FIMBank Group, Grech stated that the group is "evolving into a stronger banking institution based on sound business discipline, centrally- aligned operations, and effective management of enterprise risks." He reiterated that "the dynamics in evidence during the last months will continue, as the group continues to pursue a revenue maximisation approach, maintain portfolio quality, while bolstering its capital position to trigger further asset growth. Success in these areas will allow FIMBank to take its customer experience to a superior level, support scale, and generate enterprise value to its diverse stakeholder platform". Meanwhile, FIMBank's board of directors will not be recommending an interim dividend for the period under review.