Management Reports • May 13, 2016
Management Reports
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13 May 2016
Cyprus Stock Exchange P O Box 25427 1309 Nicosia
The Board of Directors of Dome Investments Public Company Ltd presents the Interim Management Statement for the period from 1 January 2016 to 13 May 2016, which has been prepared pursuant to the provisions of Article 11 of the Transparency Requirements Law 2007 & 2009 (N.190 (I) 2007).
The Company's activities, which have not changed since last year, focus on the hotel business in Cyprus.
The results for the first quarter are affected by the seasonality of the Tourism Industry in Cyprus and, therefore, they have the lowest performance from all four quarters.
During the period, the Company's revenues were at approximately the same level as the corresponding period last year.
There were no other significant events affecting the Company's activities during the period.
The main risks and uncertainties that the Company faces are the same as those described in the Annual Report 2015.
T.O. 30198, 5341 Ayia Nana Τηλ: 23721006 Φαξ: 23721010 www.domehotel.com.cy
Taking into account the current situation in the Eurozone and in Russia, the Board of Directors assesses that the 2016 results may have fluctuations that are very difficult to predict. However according to the bookings received to date for the year 2016 and the loan restructuring agreement, the financial results are expected to be better. The Company's Management continues to take steps to keep the operational costs down.
Yours sincerely
Anastasia Tsokkou President of the Board of Directors
Cc: Cyprus Securities and Exchange Commission
Τ.Θ. 30198, 5341 Αγία Νάπα Τηλ: 23721006 Φαξ: 23721010 www.domehotel.com.cy
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