European Regional Development Fund

Jump in finance costs

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  • Grech293 (3 years ago)

    Jump in finance costs
    As per note 8 to the Financial Statements: the EUR3.8m includes a EUR2.775m early repayment fee resulted from the settlement of a high fixed interest rate loan paid back to the lenders prior to its maturity. This early loan settlement enables the Group to realise interest savings over future years that will exceed this fee. Finance costs excluding such fee amounts to EUR1.033m
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