Interim / Quarterly Report • May 15, 2015
Interim / Quarterly Report
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15 May 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 1 January 2015 to 15 May 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 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.
The results showed a significant increase in unrealized exchange loss compared to the corresponding period of 2014. The significant increase in the loss in 2015 was attributable to the decision of the Swiss Central Bank, on 15 January 2015, to abandon the exchange rate control of the Swiss Franc against the euro. The exchange rate on 13 May 2015 was €1 : 1,0410 CHF. As a result the company has an unrealized exchange loss of €2.2 million for the period.
There were no other significant events affecting the Company's activities during the period.
Τ.Θ. 30198, 5341 Αγία Νάπα Τηλ: 23721006 Φαξ: 23721010 www.domehotel.com.cy
The main risks and uncertainties that the Company faces are the same as those described in the Annual Report 2014.
Taking into account the current situation in the Eurozone and the Russian market, the Board of Directors assesses that the 2015 results may have fluctuations that are very difficult to predict. Amidst this climate of uncertainty the Board is taking steps to secure the healthy cash flow of the company and keep the 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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