Convenience Group registers strong revenue for first six months of 2019

7th October 2019

The group, which operates 64 outlets nationwide, released its first interim sixth-monthly results since issuing a fully subscribed bond operated by the Malta Stock Exchange earlier this year.

Leading retail chain The Convenience Shop has recorded strong financial performance in the 11 months up to the end of June, registering revenue of €24.2 million and gross profit amounting to €6.4 million.

The group, which operates 64 outlets nationwide, released its first interim sixth-monthly results since issuing a fully subscribed bond operated by the Malta Stock Exchange earlier this year.

Convenience Group CEO Martin Agius said: “Our financial results show that the Convenience Shop has proved hugely popular with local customers and our aim is to continue to grow and service their needs.

“The brand has been a success story since launching only 10 years ago and I would like to place on record my thanks to my colleagues who have helped make us Malta’s leading retail chains.”

Last April, The Convenience Shop raised €5 million through a fully subscribed bond operated by the Malta Stock Exchange. The Unsecured Callable Bond, which forms part of Prospects MTF, was snapped by over 500 investors who will benefit from a five per cent return between 2026 and 2029.

The Convenience Group comprises a mix of fully-owned stores and franchisees operating a highly-successful formula which is present in numerous locations around Malta.


8th October 2019

Thousands of customers were left without phone service after the company suffered technical problems.

7th October 2019

The company is behind popular brands such as Dove, Cif, Comfort and Sure, and uses some 700,000 tonnes of plastic each year.

3rd October 2019

The European Court of Justice has ruled that an individual country can order Facebook to remove posts from its platform, and even restrict global access.

2nd October 2019

The €400,000 renovation project introduced direct natural light to some of the meeting rooms, as well as a sense of ‘feeling at home’ to the entire area.