Management Reports • Nov 19, 2015
Management Reports
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At the meeting held on November 18, 2015, the Board of Directors of ISXIS INVESTMENTS PUBLIC LTD, examined and approved the Interim Management Statement pursuant to article 11 of the Transparency Requirements Law 190 (I) 2007.
The Company showed loss. Its assets as at September 30, 2015 stood at €652.912 while its portfolio in titles stood at €386.680.
The net asset value per share as at September 30, 2015 stood at €0,0508 compared to €0,0513 as at June 30, 2015. According to its net asset value, there was a negative yield in the Company.
There were no other revenues, profits or losses from non-recurrent activities except for the main activities of the Company.
The condition of the Cyprus economy is characterized by continued weakness. The recession in Cyprus remains. The condition of the Cyprus economy, due to the ongoing recession, is characterized by stagnation and lack of dynamic. The result is that almost all indices have shrunk. The prospects are not favorable and we expect low growth rates for the next years. This is expected to have negative impact on the Cyprus capital market and the Company's results.
There are no other significant developments or deals affecting the Company's financial condition.
Anteva Secretarial Services Ltd Secretary.
19/11/2015
Cc: Cyprus Securities and Exchange Commission.
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