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Premier Capital plc, the Maltese-owned developmental licencee for McDonald’s in six European markets, has posted a pre-tax profit of €19 million for the year ended December 31, 2020, down from €28 million in 2019, in a year that saw McDelivery and McDrive underpin the business’ operational resilience.
In 2020, the group reviewed its capital commitments and instructed its teams to preserve liquidity in view of the pandemic. But in order to maintain focus on its long-term vision, the group pursued its investment strategy, opening five restaurant and securing 100 per cent ownership of the Romanian business after acquiring the 10 per cent stake held by a single shareholder.
Estonia celebrated its Independence Day yesterday. The origins of this national day go back to 1918.
Estonia has a population of around 1,300,000 people. It is a member of the United Nations and also joined the European Union in 2004. Estonia is also a member of the OECD, the OSCE, Schengen and the International Labour Organisation. The country had joined NATO in 2004.
Estonia is the only country in the world which has an elected female prime minister and president. Kersti Kaljulaid was elected as the country’s president after the 2016 elections while Kaja Kallas, the leader of the Reform Party, was asked to form and lead a new coalition government at the start of this year.
The MSE Equity Total Return Index registered another positive 0.3% increase, as it reached 8,551.786 points – extending its positive rally to eight consecutive weeks.
A total of 19 equities were active, nine of which headed north, while another six closed in the opposite direction.
Total weekly turnover increased by over €0.6 million to €2.2 million, as 242 transactions were executed.
This week, Malta Properties Company plc was the most liquid, as it generated a total weekly turnover of €560,764. The equity declined by 1.6% to €0.492, as 1,135,583 shares changed hands across 25 transactions.
In the same sector, Tigne’ Mall plc traded 4% higher, as five deals involving 13,500 shares were executed. The equity ended the week at €0.78. Similarly, a sole deal of 5,000 Malita Investments plc shares pushed the price by 3.3% to €0.95.
The MSE Equity Total Return Index extended its positive trend for the seventh consecutive week, having registered a positive 2.1 per cent increase to 8,528.554 points.
A total of 20 equities were active, 14 of which headed north, while another four closed in the red. A total weekly turnover of €1.6 million was generated across 253 transactions.
Telecommunications company, GO plc¸ was the most active, as it generated a total turnover of €212,639. A total of 21 deals involving 62,301 shares pushed the price 12.5% higher, reaching the €3.60 price level – a six-month high. On the other hand, its subsidiary, BMIT Technologies plc, declined by 0.8% as 301,866 shares changed hands over 25 deals. The equity ended the week at the €0.48 price level.