Approval of interim financial statements

Further to the meeting of the board of directors of Harvest Technology plc held on Tuesday, the Board approved the company’s interim financial statements for the six-month period ended 30 June.

The board of directors also announces that it has resolved to distribute an interim net dividend of €546,785 (subject to rounding), equivalent to €0.024 per share (having a nominal value of €0.50 per share.

Shareholders of the company appearing on the company’s register of members maintained by the Central Securities Depository of the Malta Stock Exchange as at close of business on 31 July, shall be entitled to receive their respective share of the dividend. Payment of the dividend shall be effected by not later than 14 August.

Update to the market

The Board notes with satisfaction that the unaudited consolidated Net Profit Before Tax of the Company and its subsidiaries in H1, 2020 was €1,864,967, an improvement of 21% on the budget projection for H1 (€1,267,530) which constituted the first half of the annual projected consolidated Net Profit Before Tax of €3,124,000 for 2020 as detailed in the Prospectus published by the company on 18 November 2019.

While the Harvest Group continues to seek alignment of its results with previously set budgetary targets for 2020, the Board remains conscious of the fact that, in the prevailing extraordinary circumstances, such targets may need to be revised depending on how the situation unfolds in the near future.

The board of directors will endeavour to keep the market informed of developments relevant to the Harvest Group and the performance of its various business lines.