Management Reports • Nov 15, 2013
Management Reports
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Cyprus Stock Exchange P O Box 25427 1309 Nicosia
15 November 2013
The Board of Directors of Dome Investments Public Company Ltd presents the Interim Management Statement for the period from July 1 to November 15, 2013, 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 2013 due to the traditionally increased tourist arrivals during the summer months.
The results are expected to be better than those of the corresponding period of 2012. This is mostly attributable to the unrealized foreign exchange profit at the end of the first nine months of 2013 compared to unrealized foreign exchange loss in the corresponding period last year. Also the revenue from the hotel is higher. This is mainly due to the fact that the hotel restarted its operations on the 28 April 2013 compared to last year when it restarted its operations on 9 May 2012 and also due to the higher occupancy rates when compared to last year.
On May 28, 2013, the CSE Council decided that at the current time it will not take any additional measures regarding companies that do not comply with the regulatory provisions on dispersion of shareholding. The issue will be re-examined by the CSE Council at a later stage (and within 2014).
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 2012.
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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