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NEWS | Wednesday, 26 September 2007

Company announcements

CareMalta Finance Plc company announcement
CareMalta Finance Plc issued the announcement pursuant to MFSA listing rule 8.7.42, 9.43 and 9.44.
The Board of Directors of CareMalta Plc has approved the Half Yearly Financial Report for the period up to 30 June of 2007.
For more information visit: http://www.caremalta.com.

Gasan Finance Company Plc company announcement
Raising financial resources from capital markets to finance the operations, capital projects of the company and group companies, and to acquire bills of exchange is the company’s principal activity.
Based on interest receivable on bills of exchange, interest charged to group companies on outstanding balances and rental income, the income generated during the six-month period amounted to Lm407, 673. The interest payable decreased from Lm272, 443 in 2006 to Lm244, 291 in 2007 with a profit of Lm124, 985.
On the 31 August 2007, the Board of Directors of Gasan Finance Company Plc approved the Interim unaudited Financial Statements for the six months before 30 June 2007.

Medserve Plc company announcement
On 28 August 2007, the Board of Directors of Medserve Plc approved the financial statements of the Company for the financial period beginning from 1 January 2007 to the 30 June 2007.
Published figures were extracted from the Group’s unaudited accounts for the six months ending on 30 June 2007 and its comparative period as published in 2006. The comparative balance sheet has been extracted from the audited financial statements as at 31 December 2006.
Operated through the Operating Company, the principal activities of the Group consist of providing services and support to the offshore oil and gas industry operating mainly in the Mediterranean basin with a focus on the industry’s activities in North Africa.

Bay Street Finance Plc company announcement
The Board of Directors of Bay Street Finance Plc discussed and approved the Interim Financial Statements for the period starting from 1 January 2007 to 30 June 2007 during a meeting held on 28 June 2007.

Mizzi Organisation Finance Plc company announcement
A meeting held on 28 August 2007 saw the interim unaudited financial statements for the six-month period ending 30 June 2007 being approved by the Board of Directors of Mizzi Organisation Finance Plc.
The primary activity of the Company is to carry on the business of a finance and investment company in connection with ownership, development, operation and financing of the business activities of the companies forming part of the Mizzi Organisation.

Hotel San Antonio Plc company announcement
The Interim financial report for the six months ended 30 June 2007 was approved by the Board of Directors of Hotel San Antonio plc on 29 August 2007.
During the period under review, an operating profit of Lm78, 190 was registered in comparison to an operating loss of Lm18, 251 recorded in 2006.
Reasons attributed to the progress were an 8 percent improvement in revenue together with reductions in staff costs and other operating expenses.

Grand Harbour Marina Plc company announcement
The Company wishes to announce that the Listing Authority has granted the required dispensation for the Company to maintain the listing of its shares on the Malta Stock Exchange.
On the 9 August 2007, it was announced that the Company’s free float would fall below the 25 percent threshold as considered by the Listing Authority, in the absence of exceptional circumstances, as the minimum for the Company to retain its listing. This occurred as a result of the acceptances received to the mandatory offer for all of the shares of the Company made by Camper and Nicholson’s Marina Investments Limited.


26 September 2007
ISSUE NO. 504


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