Earnings Release • Dec 30, 2013
Earnings Release
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Cyprus Stock Exchange Nicosia
30 December 2013
Pursuant to the CSE and CySEC Regulations and in order to fully inform the shareholders and the investing public in general, we wish to inform you that the results for year ending 31 December 2013 are expected to be better than those of the corresponding period of 2012.
This is mostly attributable to the unrealized foreign exchange profit at the end of the year 2013 when compared to unrealized foreign exchange loss in the corresponding period last year. Also the operational profit for the year ending 31 December 2013 is higher when compared to the corresponding period last year. This is mainly due to the fact that the hotel restarted its operations on the 28 April 2013 compared to last year when it restarted its operations on 9 May 2012.
Yours/Sincerely
Demetris Shiouftas Group Finance Director
Att.: Cyprus Exchange and Securities Commission
Τ.Θ. 30198, 5341 Αγία Νάπα, Κύπρος Τηλ: 23721006 Φαξ: 23721010
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