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.