“Notwithstanding the period of intense organisational transformation, we continued to post excellent financial results and deliver higher shareholder returns,” said Nikhil Patil, CEO at GO.
The company announced yesterday that, during 2020, the Group generated revenue of €185.2 million, an increase of €7.4 million (4.2 per cent) over the previous year. It also invested €57.2 million throughout the year, €7.9 million higher than the previous year.
Based on this performance, the Board of Directors resolved to recommend a dividend of €0.16 per share, the highest dividend ever paid to shareholders when excluding extraordinary events, the payment of which amounts to €16.21 million.
“We took the challenge of 2020 as an opportunity to revisit our purpose, which we believe is ‘to drive a digital Malta where no-one is left behind’,” said Mr Patil.
“I strongly believe that by staying true to our purpose, we managed to navigate through this pandemic, supported the community, kept our customers connected and yet successfully executed our top business priorities and, in many ways, surpassed our result expectations.”
Samir Saied, Chairman at GO, also commented on the company’s achievements, saying “I am very proud to have witnessed the experience and resiliency of this long-standing company as it continued to deliver immense value to our customers and our shareholders. Such performance is nothing short of remarkable and proves that with the right people, the right strategy and culture, we can continue to achieve great things.”
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