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The Maltese Herald

Some important statistics to consider with regards to food price hikes and profits

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by

Mark Camilleri
in

First of all, I am not saying that Alex Agius Saliba is right, but that he is making a good point. This is a matter of public interest, so I’ll be giving it more thought after some important points were made by readers, especially on the profitability aspect.

Profitability for M&Z seems to be slightly lower for 2022 compared to 2019 with results for the first half of the year, although a more detailed account would be needed that includes the second half of the year. What is also important to consider and this is something that I should have checked more thoroughly are the consumption expenditure levels in relation to tourist arrivals as these are variables that strongly influence the numbers for food importers.

Tourist arrivals for 2022 were higher than in 2019 and overall consumption was also higher, although tourists spent less money.

Here are the figures.

Comments

  1. Xan Juan 2 avatar
    Xan Juan 2

    Could also be a case of spurious correlations…

    Reply
    1. camillerimark avatar
      camillerimark

      They are factors to be considered not necessarily to make correlations. 2 million tourists in an island of 500,000 people does have significant impact on food importers. Unfortunately, food imports statistics are missing or only on a monthly basis, which I have to collect myself, so I’m still in the process of doing it.

      Reply
  2. Alf Mizzi & Sons don’t disclose their profitability for 2021 on food imports, but they do disclose a ?1.5 million in dividends – Mark Camilleri avatar
    Alf Mizzi & Sons don’t disclose their profitability for 2021 on food imports, but they do disclose a ?1.5 million in dividends – Mark Camilleri

    […] It’s a bit difficult to comprehend the profitability for Alf Mizzi & Sons on food imports for 2021 because their accounts are incomplete. Labour MEP Alex Agius Saliba has submitted an official complaint to the EU Commission where he alleges that large food importers in Malta are abusing their monopoly position. I am not saying that Alex Agius Saliba is right, but he makes a good point, but we also lack data to understand the situation thoroughly. […]

    Reply
  3. Alf Mizzi & Sons don’t disclose their profitability for 2021 on food imports, but they do disclose a €1.5 million in dividends – Mark Camilleri

    […] It’s a bit difficult to comprehend the profitability for Alf Mizzi & Sons on food imports for 2021 because their accounts are incomplete. Labour MEP Alex Agius Saliba has submitted an official complaint to the EU Commission where he alleges that large food importers in Malta are abusing their monopoly position. I am not saying that Alex Agius Saliba is right, but he makes a good point, but we also lack data to understand the situation thoroughly. […]

    Reply

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