Management Reports • May 16, 2014
Management Reports
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16 May 2014
Cyprus Stock Exchange P O Box 25427 1309 Nicosia
The Board of Directors of Dome Investments Public Company Ltd presents the Interim Management Statement for the period from 1 January 2014 to 16 May 2014, 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 first quarter are affected by the seasonality of the Tourism Industry in Cyprus and, therefore, they have the lowest performance from all four quarters.
During the period, the Company's revenues were at approximately the same level as the corresponding period last year.
The results showed unrealized exchange loss compared to unrealized exchange gain in the corresponding period of 2013. The loss in 2014 was attributable to the weakening of the exchange rate of the euro against the Swiss franc
There were no other significant events affecting the Company's activities during the period.
The main risks and uncertainties that the Company faces are the same as those described in the Annual Report 2013.
T.O. 30198, 5341 Ayia Nana Τηλ: 23721006 Φαξ: 23721010 www.domehotel.com.cy
Taking into account the current situation in the Eurozone and Ukraine, 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.
Yours sincerely,
Anastasia Tsokkou President of the Board of Directors
Cc: Cyprus Securities and Exchange Commission
Τ.Θ. 30198, 5341 Αγία Νάπα Τηλ: 23721006 Φαξ: 23721010 www.domehotel.com.cy
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