Bank of Valletta p.l.c. reported group and bank earnings results for the six months ended June 30, 2018. For the period, the group reported net interest income of €79.0 million compared to €72.9 million, net fee and commission income of €40.4 million compared to €33.4 million, operating income of €127.9 million compared to €115.5 million, operating profit of €9.2 million compared to €59.0 million, profit before tax of €13.5 million compared to €67.9 million and profit of €12.6 million or 2.4 cents per share compared to €46.7 million or 10.7 cents per share a year ago. Net cash used in operating activities was €51.2 million compared to net cash from operating activities of €456.6 million and purchase of property and equipment and intangible assets was €14.7 million compared to €18.7 million a year ago. Annualised return on equity before the litigation provision stands at 18.7%, compared to 18.4% for June 2017. For the period, the bank reported net interest income of €79.0 million compared to €72.9 million, net fee and commission income of €35.9 million compared to €28.8 million, operating income of €133.2 million compared to €120.9 million, operating profit of €16.5 million compared to €66.4 million, profit before tax of €16.5 million compared to €66.4 million and profit of €16.0 million or 3.0 cents per share compared to €45.1 million or 10.3 cents per share a year ago. Net cash used in operating activities was €51.3 million compared to net cash from operating activities of €453.5 million and purchase of property and equipment and intangible assets was €14.7 million compared to €18.7 million a year ago.