GO reports healthy financial position in first six months 

GO p.l.c. has published its interim financial statements covering the period January to June 2020, a period that was predominantly characterised by unprecedented events brought about by the COVID-19 pandemic. 

Despite the consequential disruptions both locally and internationally, GO significantly mitigated the impact on its financial performance due to the immediate measures it implemented at the first indications that the pandemic would hit Malta.  

“As a company we were well ahead of the game in terms of preparedness to face the challenges that the pandemic brought about. We kept our place at the very heart of the community; we did everything we can to keep people and businesses connected at times when they needed it most, and ensured that we went about our operations in the safest and most efficient way to keep on delivering the desired results,” said CEO Nikhil Patil. 

During the period under review, group revenue amounted to €91.6 million, an increase of 7.8 per cent over the same period last year. The main driver of this increase related to revenue growth of €5.5 million in Cablenet, GO’s subsidiary in Cyprus, which growth was fuelled by the Company’s diversification into...