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Dome Investments Public Company LTD

Earnings Release Feb 29, 2016

2464_er_2016-02-29_23313eda-14d1-401d-8135-21101b25515c.pdf

Earnings Release

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DOME INVESTMENTS PUBLIC COMPANY LTD

INDICATIVE RESULTS AND EXPLANATORY STATEMENT FOR THE YEAR ENDED 31 DECEMBER 2015

INDICATIVE RESULTS
UNAUDITED
2015
AUDITED
2014
Turnover 4.702.005 4.658.436
(Loss)/profit before taxation
Taxation
(1.782.916)
(39.546)
319.531
(38.039)
(Loss)/profit for the year (1.822.462) 281.492
(Loss)/profit per share (cent) (7, 29) 1,13
Net foreign exchange loss (2.297.639) (280.537)

Notes:

    1. The indicative results were prepared using the same accounting standards as the annual financial statements for the year ended 31 December 2014.
    1. The indicative results have not been audited by the external auditors of the Company.
    1. Copies of the indicative results and the explanatory statement will be available at the head office of the parent, A. Tsokkos Hotels Public Ltd, in Paralimni.
    1. The average number of shares used in the calculation of loss per share as at 31 December 2015 is 25.000.000 (31 December 2014: 25.000.000).

DOME INVESTMENTS PUBLIC COMPANY LTD

EXPLANATORY STATEMENT 2015

    1. The Board of Directors, of DOME INVESTMENTS PUBLIC COMPANY LTD during a meeting held on 26 February 2016 examined and approved the indicative results and the explanatory statement of the Company for the year ended 31 December 2015.
    1. Turnover in 2015 was €4.702.005 compared to €4.658.436 in 2014, showing an increase of €43.539 (0,9%).
    1. The net foreign exchange loss for 2015 was €2.297.639 compared to loss of €280.537 for 2014. The net exchange loss in 2015 includes realised exchange loss of €6.038.618 due to the conversion of the Company's loan from Swiss Franc to Euro on 30 June 2015 and unrealised exchange profit of €3.740.979 attributable to the change of the exchange rate of the Euro against the Swiss Franc.
    1. Net loss after tax for the year was €1.822.462 compared to net profit of €281.492 for 2014. The main reason for the loss for 2015 is the net foreign exchange loss of €2.297.639 in 2014 compared to a loss of €280.537 last year.
    1. Taking into account the current economic situation in the Eurozone and Russia, the Board of Directors assesses that this year's results may have fluctuations that are very difficult to predict. However, based on the bookings to date for the current year and the loan restructuring agreement, it is expected an improvement of results for the current year. The Board is continuing taking steps to 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 of the parent Company, A.Tsokkos Hotels Public Ltd, in Paralimni, tel 23-848000.

The Board of Directors of Dome Investments Public Company Ltd

Agia Napa, 26 February 2016

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