MaltaPost share price at new 3-year low

The share price of MaltaPost plc slumped by 18.2% today to drop to a new three-year low of €0.63 on a single trade of 19,412 shares on the stock exchange.

In May, the postal operator revealed a 54.5% drop in profitability to €0.5 million as the company’s income and costs were negatively impacted by the changes in the tariff structure of the Universal Postal Union (UPU) for cross border mail with effect from 1 January 2012.

Read more: MaltaPost share price at new 3-year low – timesofmalta.com.