Building a Future with Respect to the Past
The MIDI project is spearheading the revitalisation of Manoel Island and Tigné Point, two prime brown-field sites located on the north-eastern coast of Malta.
The wide-reaching scope and scale of the projects are impressive. Covering an area of 44 hectares and planned to cost some €600 million, this redevelopment scheme is Malta’s most ambitious property regeneration project by far. These two former military bases are located in one of the island’s most desirable residential areas, within view of each other across Marsamxetto harbour and a short drive or boat trip from the fortified baroque capital Valletta.
MIDI plc commenced works on Tigné Point in June 2000 and to date all of the 380 residential units built have been sold to a selection of local and international buyers.
1992
Served areaMalta
HeadquartersNorth Shore, Manoel Island, GZR 3016 Gzira – Malta
Line item in (eur) | 01.01.2021 | 01.01.2022 |
---|---|---|
Assets | 227,649,375.00 | 225,696,128.00 |
Noncurrent Assets | 82,990,493.00 | 83,022,046.00 |
Property Plant And Equipment | 2,428,964.00 | 2,215,231.00 |
Investment Property | 37,077,612.00 | 37,281,697.00 |
Investment Accounted For Using Equity Method | 29,903,027.00 | 30,325,824.00 |
Investments In Subsidiaries Joint Ventures And Associates | 0.00 | 0.00 |
Deferred Tax Assets | 92,320.00 | 58,710.00 |
Current Assets | 144,658,882.00 | 142,674,082.00 |
Inventories | 130,286,794.00 | 130,670,799.00 |
Trade And Other Current Receivables | 2,781,750.00 | 2,253,050.00 |
Current Tax Assets Current | 61,590.00 | 0.00 |
Cash and cash equivalents | 11,528,748.00 | 9,750,233.00 |
Equity And Liabilities | 227,649,375.00 | 225,696,128.00 |
Equity | 101,842,250.00 | 102,387,532.00 |
Issued Capital | 42,831,984.00 | 42,831,984.00 |
Retained Earnings | 41,827,768.00 | 42,385,388.00 |
Share Premium | 15,878,784.00 | 15,878,784.00 |
Liabilities | 125,807,125.00 | 123,308,596.00 |
Noncurrent Liabilities | 76,468,673.00 | 72,096,456.00 |
Noncurrent Payables | 10,091,942.00 | 5,226,955.00 |
Deferred Tax Liabilities | 3,506,718.00 | 3,506,718.00 |
Longterm Borrowings | 49,486,630.00 | 49,578,577.00 |
Current Liabilities | 49,338,452.00 | 51,212,140.00 |
Trade And Other Current Payables | 38,705,850.00 | 40,281,692.00 |
Current Tax Liabilities Current | 0.00 | 297,846.00 |
Line item in (eur) | 01.01.2020/ 01.01.2021 |
01.01.2021/ 01.01.2022 |
---|---|---|
Revenue | 2,816,048.00 | 9,417,263.00 |
Other Income | 60,009.00 | 46,382.00 |
Profit Loss From Operating Activities | -1,223,133.00 | 1,864,371.00 |
Finance Income | 25,530.00 | 31,725.00 |
Finance Costs | 2,336,358.00 | 2,478,066.00 |
Share Of Profit Loss Of Associates And Joint Ventures Accounted For Using Equity Method | 1,893,129.00 | 2,031,297.00 |
Other Income Expense From Subsidiaries Jointly Controlled Entities And Associates | 50,000.00 | 50,000.00 |
Profit Loss Before Tax | -1,590,832.00 | 1,499,327.00 |
Income Tax Expense Continuing Operations | 524,893.00 | 941,707.00 |
Profit (loss) | -2,115,725.00 | 557,620.00 |
Line item in (eur) | 01.01.2021 | 01.01.2022 |
---|---|---|
Profit (loss) | -2,115,725.00 | 557,620.00 |
Cash and cash equivalents | 11,528,748.00 | 9,750,233.00 |
Please note that some sums might not add up.
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SectorReal Estate Management & Development
IndustryReal Estate Management & Development
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