GO reports strong business growth
The MSE Equity Price Index advanced by 0.63% to 3,671.535 points on Tuesday as gains in BOV, Hili Properties, Mapfre and VBL offset a decline in Loqus. Meanwhile, six other companies closed the day unchanged as overall trading activity in equities improved to €0.36 million from €0.11 million on Monday. GO plc was Tuesday's most actively traded equity as it held on to the €3.00 level on activity totalling 90,200 shares having a market value of €0.27 million. On Tuesday GO published its interim results showing a strong increase in revenues (+12.9%) to just under €106 million (H1 2021: €93.9 million) largely driven by the higher volume of telecom business in Malta and Cyprus. As a result, EBITDA surged by 18.2% to €41.2 million whilst net profit climbed to €6 million compared to the €3.9 million figure reported in the first half of 2021. The directors declared a net interim dividend of €0.06 per share which is payable on Friday September 9 to all shareholders as at close of trading on Wednesday 24 August. GO’s data centre and IT services subsidiary – BMIT Technologies plc – stayed at the €0.48 level on a total of 80,000 shares. International Hotel Investments plc remained at the...