In an interim statement issued this week, the directors of MaltaPost advised that for the period beginning on 1 October 2009 there were no material events and/or transactions that had a material impact on the company’s financial position.

The directors noted that MaltaPost achieved the same level of turnover that had been achieved during the previous corresponding period and operating profitability remains much in line with the forecasts established at the beginning of the financial year.

“Monitoring of costs together with further efficient deployment of resources remain the cornerstone of the company’s business strategy and this to enhance stakeholder value on an on-going basis,” the MaltaPost board of directors said in its statement.

“Conditions in the market place continue to follow assumptions previously made and this across all major revenue streams.”

As such, the directors of the company, listed on the Malta Stock Exchange, advised that the financial fundamentals of the company remain strong and believe that, barring unforeseen circumstances, the company will achieve the performance targets set for the first six-month period of the financial year.