ANNOUNCEMENT
Cyprus Stock Exchange Nicosia
28 February 2013
Subject: Indicative results and explanatory statement
Dome Investments Public Company Ltd announces that the indicative results and the explanatory statement for the year ended 31 December 2012 was posted to the company's shareholders on the 28th February 2013.
Yours Sincerely,
Demetris Shiouftas Group Finance Director
Cc.: Cyprus Securities and Exchange Commission
___________________________________________________________________
INDICATIVE RESULTS AND EXPLANATORY STATEMENT FOR THE YEAR ENDED 31 DECEMBER 2012
| INDICATIVE RESULTS |
|
|
|
UNAUDITED 2012 € |
AUDITED 2011 € |
| Turnover |
4.502.751 |
3.910.198 |
|
|
|
| Profit(loss) before taxation |
163.836 |
(450.394) |
| Taxation |
(233.582) |
(250.485) |
| Loss for the year |
(69.746) |
(700.879) |
| Loss per share (cent) |
(0,28) |
(2,80) |
| Unrealised foreign exchange loss |
(92.869) |
(175.531) |
Notes:
-
- The indicative results were prepared using the same accounting standards as the annual financial statements for the year ended 31 December 2011.
-
- The indicative results have not been audited by the external auditors of the Group.
-
- Copies of the indicative results and the explanatory statement will be available at the company's head office in Paralimni.
-
- The average number of shares used in the calculation of loss per share as at 31 December 2012 is 25.000.000 (31 December 2011: 25.000.000).
EXPLANATORY STATEMENT 2012
-
- The Board of Directors, of DOME INVESTMENTS PUBLIC COMPANY LTD. during a meeting held on 27 February 2013 examined and approved the indicative results and the explanatory statement of the company for the year ended 31 December 2012.
-
- Turnover in 2012 was €4.502.751 compared to €3.910.198 the corresponding period last year, showing an increase of €592.553 (15%). This was due to last year's renovation and increased occupancy of the company's hotel.
-
- The unrealized foreign exchange loss was €92.869 compared to €175.531 for the corresponding period of 2011. The loss is due to the fluctuation of the Swiss Franc against the Euro as at 31 December 2012. If we used the foreign exchange rate as at 27 February 2013 there would have been a marginal gain instead of a loss.
-
- Net finance costs increased by €186.867, from €648.728 in 2011 to €835.595 for the corresponding period in 2012. This is due to the increase in borrowing interest rates.
-
- Taking into account the current situation in the Eurozone, the Board of Directors assesses that the 2013 results may have fluctuations that are very difficult to predict. Amidst this climate of uncertainty the Board is taking steps to secure the healthy cashflow of the company and keep the costs down.
-
- The indicative results and the explanatory statement will be sent to the shareholders and they will be available on the company's website, www.tsokkos.com. Investors can get a copy of the indicative results and the explanatory statement, at no charge, from the company's registered office at DOME Hotel, Makronisos, Agia Napa and the company's head office in Paralimni, tel 23- 848000.
The Board of Directors of Dome Investments Public Company Ltd
Agia Napa, 27 February 2013