The MSE Share Index rebounded from yesterday's decline with a 0.5 per cent jump during this morning's session to reach a fresh 16-week high of 4,550.729 points as most of the active equities today closed higher. Trading activity fell by almost 10 per cent from yesterday but still represented strong volumes of more than €0.91 million. Over the week, the local equity benchmark only edged 0.1 per cent higher. The share price of Bank of Valletta plc edged 0.2 per cent higher today to close at its 9-month high of €2.305 across 38,986 shares and ahead of the Group's full-year results publication this afternoon. The results revealed that the Group's pre-tax profits improved by 23.7 per cent to €145.9 million. The main driver behind this growth was the one-off gain registered from the disposal of the Group's shareholding in VISA Europe. Nonetheless, the Bank also registered improvements in net interest income and net fee and commission income. Moreover, there was a drop in impairment allowances. These were counterbalanced by declines in trading profits, fair value movements and dividend received as well as higher operating costs. In fact, excluding the one-off gain, the Group's pre-tax...
from timesofmalta.com http://ift.tt/2dOMhf3
via
IFTTT
No comments:
Post a Comment