Ahead of issuing fresh shares to the public last year, Malita Investments told investors it aims to continue distributing dividends with an estimated return of 7% on the amount invested at the time. Just over a year later, Malita announced it would not be paying an interim dividend due to the substantial cash requirements needed for a social housing project in Luqa. Malita Investments noted that cash flow requirements for its development projects have increased beyond original projections due to certain project delays and increases in project costs. In comments to Times of Malta, a Malita Investments spokesperson defended the decision, saying, at this stage, the company’s board decided it would be prudent to preserve cash resources pending the end-of-year financial results. Malita Investment’s main activities include the financing, acquisition, development, management and operation of properties.