Calamatta Cuschieri Moneybase plc Achieves Record €2.87m Revenue in 2023

Calamatta Cuschieri Moneybase plc has reported a record revenue of €2.87 million for the year 2023, marking a 10% increase from the previous year. This significant growth is attributed to the company's strategic expansion in fund administration, online trading, and corporate services.

The company played a substantial role in Malta's financial sector by handling €200 million of the total €496.34 million in deal value and fund management. This achievement underscores Calamatta Cuschieri Moneybase plc's growing influence and capability in the market.

The Maltese financial market experienced a 1.7% decline over the past week, primarily due to a 2.6% drop in the Financials sector. Despite this short-term dip, the market has shown resilience over the past year, with a modest 0.7% increase.

Why this matters: Calamatta Cuschieri Moneybase plc's record revenue has significant implications for the Maltese financial sector, highlighting the company's growing influence and capability in the market. This growth could lead to increased investment and job opportunities in the region, contributing to the country's economic development.

Overall, the Maltese market has maintained stability, with a market capitalization of €4.7 billion as of May 26, 2024. The market's revenue and earnings have remained steady, reflected in a price-to-earnings (PE) ratio of 15.2x and a price-to-sales (PS) ratio of 2x.

Calamatta Cuschieri Moneybase plc's record revenue is a testament to its successful diversification and expansion into new markets. The company's focus on enhancing its service offerings in fund administration, online trading, and corporate services has been pivotal in driving this growth.

Looking ahead, Calamatta Cuschieri Moneybase plc is expected to continue leveraging its strengths and expanding its market presence. The company's ongoing innovation and adaptation to market demands will likely sustain its revenue growth trajectory.

In summary, Calamatta Cuschieri Moneybase plc's impressive performance in 2023 highlights its robust business strategy and market adaptability. The company's record revenue and substantial role in Malta's financial sector position it well for future growth and success.

Key Takeaways

• Calamatta Cuschieri Moneybase plc reports record revenue of €2.87 million in 2023, up 10% from 2022.
• Company's growth driven by expansion in fund administration, online trading, and corporate services.
• Calamatta Cuschieri handles €200 million of Malta's €496.34 million deal value and fund management.
• Maltese financial market experiences 1.7% decline, but shows resilience with 0.7% increase over the past year.
• Company's growth expected to continue, driven by innovation and adaptation to market demands.