Multi-million losses for Maltese retail groups in year of COVID shut-down
Property and food sales in COVID kept business going, but retail groups suffered between 70-80% drops in sales
6 May 2021, 8:04am
by Matthew Vella
Millions were lost in sales by some of Malta’s largest companies and bond issuers, a raft of end-of-year financials posted in the last weeks show.
A selection of some of the more prolific organisations shows the varying fortunes of businesses who suffered the brunt of the COVID-19 pandemic’s lockdown and public health restrictions. Others granted a ‘pass’ to proceed with their economic activity retained positives figures, with dampened sales but never straying away from a minor profit.