Tag: profits
-
HSBC Malta records decreasing profits as it reduces its operations
HSBC Bank Malta has published its annual results for 2025, showing a profit before tax of €109.0 million, marking the third consecutive year that pre-tax profits in Malta have exceeded €100 million. The profits reflect growth in customer deposits — which soared to a record €6.53 billion — as well as strong results in wealth…
-
Bulk of profits in the European Union come from large enterprises and financial corporations
According to the latest statistics by Eurostat, the bulk of the profits in the EU are made by big enterprises and financial corporations. Large enterprises are defined companies with 249 employees and more. The profit share of non-financial companies in the EU was 40.1% in 2024 down by 1.6% in the previous year. In 2024,…
-
Bank of Valletta’s profits for 2025 decline by 8.84% compared to first half of last year
In a recent company announcement, Bank of Valletta announced that from January to June of this year, the bank generated a profit before tax of up to €135.1 million, 8.84% less than the same period of last year of up to €148.2 million. However, customer’s deposits continued to grow up to €13.1 billion with the…
-
Profits and revenues of major food importer and distributor M&Z soared in 2022
Among the large food importers and distributors in Malta that have monopoly power in a very small market is M&Z which is on the Malta Stock Exchange (MZ) and its biggest shareholders are Paul Camilleri and Thomas Agius-Vadala. The company’s revenue soared by 24% in 2022 from 2021 reaching levels even higher than 2019 –…