Chris Joannou Public LTD — Earnings Release 2016

Feb 28, 2017

INDICATIVE RESULTS FOR 2016

ANNOUNCEMENT

At its meeting held today, 24 February 2017, the Board of Directors of Chris Joannou Public Ltd examined and approved the Indicative Results and the Explanatory Statement for the year ended 31 December 2016.

Indicative Results for the year ended 31 December 2016

We set out below the Indicative Results of Chris Joannou Public Ltd for the year ended 31 December 2016. The Indicative Results have been prepared in accordance with the accounting principles applicable to the preparation of the annual and interim statements and have not been audited by the Company's external auditors.

	2016 €	2015 €
Sales Cost of sales	4,739,639 (3,456,361)	4,824,080 (3,604,896)
Gross profit Other income	1,283,278 27,572	1,219,184 12,469
Selling and distribution expenses Operating and other administrative expenses	1,310,850 (525,479) (653,083)	1,231,653 (1,114,193) (702,716)
Loss from operations Finance costs Profit/(Loss) from revaluation of investments for sale	132,288 (233,403) 1,195	(585,256) (264,939) (3)
Loss before taxation Taxation	(99,920) 1,263	(850,198) (2,886)
Loss after taxation	(98,657)	(853,084)
Weighted number of shares	10,069,842	10,069,842
Loss per share attributable to shareholders	(0.0098)	(0.0847)

Explanatory Statement

• 1. The Group's turnover stood at €4,739,639 as against €4,824,080 in 2015 (i.e. it has decreased by €84,441 or 1.75%).
• 1. Gross profit increased by €64,094, from €1,219,184 in 2015 to €1,283,278.
• 1. The gross profit margin expressed as a percentage of the sales increased from 25.27% to 27.08%.
• 1. Loss after taxation stood at €98,657 as against €853,084 in 2015.
• 1. It is early to make forecasts for 2017.