IZI Group Registered 61% Year-On-Year EBITDAR growth

Mar 1 2024

IZI Finance plc, the financing and holding company of IZI Group announced yesterday its half-yearly results for the period July – December 2023.

The Group announced a 26% year-on-year revenue growth. The Group has seen an increase in revenue across all its business operations, most notably the National Lottery. The results which are in line with the Group’s expectations generated EBITDAR of €12.6 million for the 6-month period, an increase of 61% when compared to the same period last year.

The achievements obtained in the first half of FY2024, reflect a significant increase in revenue, brought about by the effectiveness of the strategic initiatives adopted, the robustness of the business model and the team’s unwavering commitment and dedication. This improved performance underlines the Group’s commitment to deliver value to its shareholders through its focus to grow revenues across all its business units.

The Group is now entering into a new phase within which it will amplify its efforts to attain operational efficiency and cost management, with the aim to improve further the margins across its business units.

Commenting on the results obtained, the newly appointed Chief Financial Officer of the Group, Mr. Chris Fenech, said that the financial results are very encouraging and augur well for the remainder of the fiscal year. “The positive trajectory of our fiscal performance has garnered increased confidence in the Group’s prospects. Our efforts across the diverse business units have been well received by our customer base enabling us to strengthen our foundation and market position. We look forward to the implementation of various other initiatives in the coming months. Our focus continues to be on cost optimisation and efficiency, innovation through the deployment of new technology, customer satisfaction and driving long-term value for all stakeholders.”

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Hermanos Burgers Win First Edition of Malta Daily Food Awards

Feb 29 2024

Hermanos Burgers has been crowned the inaugural winner of the Malta Daily Food Awards, an exciting new project shining light on some of Malta’s favourite food spots, with the first edition focusing exclusively on burgers.

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Amidst stiff competition and the fervent support of their loyal fanbase, Hermanos Burgers emerged victorious, securing the top spot after receiving hundreds of votes from burger lovers across Malta.

The Malta Daily Food Awards set out to highlight the best of local cuisine, starting with one of the world’s most beloved foods: the burger. Numerous burger joints from across the island were nominated, showcasing the diversity and quality of Malta’s burger offerings. However, it was Hermanos Burgers that captivated the hearts and appetites of voters, earning them the title of Malta’s top burger joint in this inaugural event.

Readers and food aficionados are encouraged to keep an eye on Malta Daily’s social media platforms for a comprehensive breakdown of Malta’s top burger destinations, as determined by this competition. Additionally, the announcement signals the beginning of a series, with more episodes of the Food Awards to look forward to. This initiative not only celebrates the culinary achievements of local businesses like Hermanos Burgers but also fosters a community of food lovers eager to explore the best that Malta has to offer.

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BREAKING: Parliament Barriers To Be Removed

Feb 29 2024

Speaker of the House of Representatives Dr. Angelo Farrugia, in a recent interview with Malta Daily, announced plans to remove the existing barriers around the Parliament building. These barriers will eventually be replaced with alternative security measures, aiming to maintain safety while enhancing the area’s accessibility.

This decision comes after persistent efforts by Malta Daily and the public to advocate for the removal of the barriers, which have been a point of contention for their imposing presence.

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Over the past few months, Malta Daily has been at the forefront of a campaign to reconsider the necessity of these barriers, culminating in a change.org petition that garnered close to 1,000 signatures. The petition and the sustained pressure from the news outlet and its readers have underscored a strong community desire for a more open and welcoming space around one of the country’s key democratic institutions.

Dr. Farrugia’s announcement has been met with positive feedback, reflecting a shared belief in the importance of balancing security needs with the public’s right to access and enjoy public spaces. The move is seen as a step forward in making the Parliament more approachable and less fortress-like, in line with contemporary views on public accessibility and security.

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Thundery Showers Across Malta On Thursday & Friday

Feb 29 2024

Malta is currently under the grip of an approaching storm, with the entire island witnessing an overcast sky and rain, signalling a significant change in weather. The Malta Meteorological Office, through its official website maltairport.com, has issued a forecast indicating thundery showers for both Thursday and Friday. The weather is expected to take a chilly turn, with temperatures dipping as low as 11° C.

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Supporting the Met Office’s predictions, the local Facebook page Malta Weather has also reported on the impending stormy conditions. They have highlighted that the rain showers, expected to sweep across Malta, may be heavy at times. This collaboration of forecasts from both the Malta Met Office and Malta Weather provides a clear picture of the need for preparation among the residents and visitors of the island.

As Malta braces for the storm, the community is reminded to stay informed through reliable sources and take necessary precautions to navigate the thundery showers safely. This weather event underscores the importance of staying updated on weather conditions, especially during seasons known for their unpredictability.

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