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Pandemic year boosts GO fortunes with €185 million revenues, and new carbon pledge
GO reports €185 million revenues in 2020 pandemic year, an increase of €7.4m over 2019
28 May 2021, 9:55am
by Matthew Vella
The telco GO has assessed its carbon footprint to commit itself to reduce its total emissions by 21% by 2024, and by 42% by 2029.
The company announced it was recommending a 16c final net dividend to shareholders, the highest ever aid, after registering a strong financial performance during 2020.
Earlier this month it submitted an application for admissibility to listing of a €60 million bond issue with maturity in 2031.
Despite a significant drop in international roaming traffic due to the COVID travel restrictions, which led to GO’s local telecommunications segment suffering a marginal decline of 0.9% compared to 2019, the Group still generated revenue of €185.2 million, an increase of €7.4 million over the comparative year and a profit before tax of €2
GO has announced a strong financial performance, saying its targets have been met and recommending a 16c final net dividend for 2020, the highest dividend ever
Board recommends 16-cent dividend, the highest ever paid out
Group generates revenue of €185.2, an increase of €7.4 million
GO reports €20.9 million profit before tax
In line with its investment in a digital Malta, GO continued to roll out its future proof technology to a further 25,000 homes and today, more than 150,000 homes have the opportunity to enjoy ultra-fast digital services from our Fibre-to-the-Home network. Works are also underway on a third submarine cable which will make us the first operator in Malta to have links to France and Egypt, and completely transform the digital connectivity map of Malta.
This was announced during GO’s 23