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Dome Investments Public Company LTD

Earnings Release Feb 28, 2014

2464_er_2014-02-28_b4d70c42-70aa-4910-a024-8632f600ca47.pdf

Earnings Release

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INDICATIVE RESULTS AND EXPLANATORY STATEMENT FOR THE YEAR ENDED 31 DECEMBER 2013

INDICATIVE RESULTS
UNAUDITED
2013
AUDITED
2012
Turnover 4.736.183 4.502.751
Profit before taxation 693.110 163.834
Taxation (171.097) (233.582)
Profit/(loss) for the year 522.013 (69.748)
Profit/(loss) per share (cent) 2,09 (0,28)
Unrealised foreign exchange gain/(loss) 238.683 (92.869)

Notes:

    1. The indicative results were prepared using the same accounting standards as the annual financial statements for the year ended 31 December 2012.
    1. The indicative results have not been audited by the external auditors of the Group.
    1. Copies of the indicative results and the explanatory statement will be available at the company's head office in Paralimni.
    1. The average number of shares used in the calculation of loss per share as at 31 December 2013 is 25.000.000 (31 December 2012: 25.000.000).

EXPLANATORY STATEMENT 2013

    1. The Board of Directors, of DOME INVESTMENTS PUBLIC COMPANY LTD. during a meeting held on 27 February 2014 examined and approved the indicative results and the explanatory statement of the company for the year ended 31 December 2012.
    1. Turnover in 2013 was €4.736.183 compared to €4.502.751 in 2012, showing an increase of €233.432 (5%). This was due to the fact that the hotel restarted its operations on 28 April 2013 compared to last year when the operations restarted on 9 May 2012.
    1. The unrealized foreign exchange gain was €238.683 compared to €92.869 unrealized loss for 2012. The gain is due to the fluctuation of the Swiss Franc against the Euro as at 31 December 2013. If we used the foreign exchange rate as at 27 February 2014 there would have been a slight decrease in the unrealized foreign exchange gain.
    1. The profit after tax for 2013 was €522.013 compared to loss €69.748 in 2012. This is mainly due to the increase in revenue and the unrealized foreign exchange gain.
    1. Taking into account the current situation in the Eurozone, the Board of Directors assesses that the 2014 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.
    1. 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 2014

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