db Group has revealed it will net €34.5 million recently completed deals marking its exit from healthcare and inflight catering ventures.

Its partner in the joint ventures, James B. Holdings - the company behind the popular James Caterers – acquired db Group’s stakes in Malta Healthcare Caterers Ltd, Kore Air Services Ltd and Kore Inflight Services Ltd earlier this year.

Malta Healthcare Caterers Ltd provides catering and management services for hospitals, nursing homes, and long-term care facilities, including the 504-bed state-owned St Vincent de Paul residence.

Meanwhile, Kore Air Services Ltd offers inflight catering to a number of major airlines operating out of Malta International Airport, with administrative and management support services handled by Kore Inflight Services Ltd.

Figures presented in the latest financial analysis summary of SD Finance plc – the financing arm of db Group, formally SD Holdings Ltd – show a one-off gain of €34.5 million from the disposal of its shareholding in the three companies.

The sale is expected to more than double db Group’s profit before tax to €45.7 million.

That figure is however expected to be dwarfed in FY2027, when db Group projects profit before tax to reach €144.5 million on the back of €378 million in revenues, in what it describes as a “landmark” year for the group as the db St George’s Bay project on the site of the former Institute for Tourism Studies comes online.

That year, revenues are expected to surge to almost €378 million, driven by further growth at Seabank, San Antonio, and the group’s food and beverage outlets, and boosted by the first full-year contribution from Aki London, the income from the new Hard Rock Hotel St George’s Bay, and the recognition of revenue from the sale of a significant number of ORA Residences