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Claridge Public LTD — Earnings Release 2012
Dec 28, 2012
2455_iss_2012-12-28_622f818d-6b2b-49bf-9575-84468be3e706.pdf
Earnings Release
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Claridge Public Limited
Office of the Secretary P.O. Box 50012, 3600 Limassol, Cyprus Tel.: 00357 25871600, Fax: 00357 25362001 e-mail: [email protected]
ANNOUNCEMENT
Claridge Public Limited announces that its group financial results for 2012 shall show increased losses compared to 2011 results, mainly due to the results of its wholly subsidiary company Amathus Vacation Ownership Ltd, which is engaged in the development and sale of residential units. The growth of the losses for Amathus Vacation Ownership Ltd is attributable to the fact that there were sales of residential units below cost in an effort to improve its cash flow.
Limassol, 28th December 2012
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