Management Reports • Nov 16, 2012
Management Reports
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Cyprus Stock Exchange P O Box 25427 1309 Nicosia
16 November 2012
The Board of Directors of Dome Investments Public Company Ltd presents the Interim Management Statement for the period from July 1 to November 16, 2012, 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 2012 due to the traditionally increased tourist arrivals during the summer months.
Compared to the corresponding period of 2011, the revenues have recorded an increase. This is attributable to the full renovation of the Company's hotel and the increased tourist arrivals from Russia.
As in the first half of 2011, the Company's results for the period were affected by the unrealized exchange loss. The reason for the loss was the strengthening of the exchange rate of the Swiss franc against the Euro as at September 30, 2012. The unrealized exchange loss was lower than that of the corresponding period of 2011.
On July 10, 2012, the CSE Council decided to grant an extension, until the December 31, 2012, in order for the Company to comply with the regulatory provisions on dispersion.
On July 25, 2012, it was approved to proceed with the payment of a dividend of 1.12 cents per share from the profits of 2010. The dividend was paid to the shareholders on August 31, 2012.
There were no other significant events affecting the activities of the Company during the period.
Τ.Θ. 30198, 5341 Αγία Νάπα, Κύπρος Τηλ: 23721006 Φαξ: 23721010
The main risks and uncertainties that the Company faces are the same as those described in the Annual Report 2011.
The hotel will remain closed during the winter period.
Yours sincerely
Demetris Shiouftas Group Finance Director
Att: Cyprus Securities and Exchange Commission
Τ.Θ. 30198, 5341 Αγία Νάπα, Κύπρος Τηλ: 23721006 Φαξ: 23721010
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