PG Group, the company that runs the PAVI and PAMA shopping malls and supermarkets, on Saturday announced that it is set to discuss the distribution of an interim dividend, the second of the financial year.
This comes a few months after it approved a net interim dividend of €2.75 million, distributed to ordinary shareholders on 11th December 2023.
On Saturday, PG plc stated that its Board of Directors shall be convening on 25th June 2024 to consider, and if deemed fit, approve the distribution of the interim dividend.
Details about the amount of the dividend to be recommended for distribution were not provided in the announcement.
PG Group is an investment company with a number of ventures spread across the Maltese Islands. It has steadily grown its operations over the years, and now has around 350 employees. Aside from PAVI and PAMA in Qormi and Mosta respectively, it is also the franchisee of ZARA and ZARA Home in Sliema and Mosta.
During the six months ended 31st October 2023, the company recorded €10.1 million in pre-tax profit, representing an 18.6 per cent increase from figures from the same period in 2022 (€8.5 million). This was largely due to an upturn in turnover, with revenue soaring to €96.2 million.
Main Image:PAMA Shopping Mall / Facebook
Written By
Fabrizio Tabone
Fabrizio has a passion for the economy and technology, especially when it comes to innovation. Aside from this, he also has a passion for football and movies, and so you will often find him either with a ball to his feet or at the cinema checking out the latest releases.
