Management Reports • Nov 16, 2015
Management Reports
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16 November 2015
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 July 1 to November 15, 2015, 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 period have recorded an increase compared to the first half 2015 due to the traditionally increased tourist arrivals during the summer months.
During the period, the Company's revenues were at approximately the same level as the corresponding period last year.
The results showed net exchange loss of $\epsilon$ 2.297.638 compared to exchange loss of €130.694 in the corresponding period of 2014. The net exchange loss in 2015 includes realised exchange loss of €6.038.617 due to the conversion of the Company's loan from Swiss Franc to Euro on 30 June 2015 and unrealized exchange profit of €3.740.979 attributable to the change of the exchange rate of the Euro against the Swiss Franc.
There were no other significant events affecting the activities of the Company during the period.
The main risks and uncertainties that the Company faces are the same as those described in the Annual Report 2014.
Τ.Θ. 30198, 5341 Αγία Νάπα, Κύπρος Τηλ: 23721006 Φαξ: 23721010
The hotel will remain closed during the winter period.
Yours sincerely,
Anastasia Tsokkou President of the Board of Directors
Att: Cyprus Securities and Exchange Commission
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