In an interim report covering H1 2021, CC Finance Group co-CEOs Nick Calamatta and Alan Cuschieri reported a 15.7 per cent revenue increase from the same period in 2020 as well as a ‘positive performance on all fronts’.
The report in question captures, for the first time, the entire CC Finance Group which is made up of four clearly identified divisions; investment services (Calamatta Cuschieri), fund services (CC Fund Services), online investment platform (CC Trader), and electronic money and payments (Moneybase).
Throughout the period starting 1st January 2021 and ending 30th June 2021, the CC Finance Group reported €6.26 million in revenue, as opposed to the €5.41 million reported in the same time span last year.
Such results, the CEOs said, put the group on track to achieve the target revenue of €13.3 million for 2021.
“The increase in revenue was a result of an increase across all business lines, with particular increases in foreign exchange revenues, mainly due to a noticeable increase in foreign exchange revenues,” Mr Calamatta and Mr Cuschieri wrote.
The co-CEOs also highlighted the group’s positive performance in light of the challenges brought on by the COVID-19 pandemic.
“With most of our workforce vaccinated today, the Group is very well equipped for any further COVID waves and corresponding regulations,” Mr Calamatta and Mr Cuschieri continued.
The co-CEOs went on to encourage any of the group’s 176 employees who are not yet vaccinated to do so.
“We also look forward enthusiastically to an important milestone in the Group’s history when this forthcoming December we will mark the 50th anniversary of our Group,” they concluded.
Nick Calamatta and Alan Cuschieri / cc.com.mt
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