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Logicom Public LTD Earnings Release 2013

Feb 21, 2014

Earnings Release

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	Unaudited 2013	Audited 2012
	€	€
Turnover	489.305.783	458.963.509
Cost of sales	(454.073.402)	(420.900.420)
Gross profit	35.232.381	38.063.089
Other income	1.170.396	1.287.328
	36.402.777	39.350.417
Administrative expenses	(26.571.998)	(29.775.814)
Profit from operations	9.830.779	9.574.603
Exchange difference	342.280	(346.642)
Interests receivable	740.005	1.318.480
Interests payable and bank expenses	(5.748.539)	(5.606.343)
Net finance cost	(4.666.254)	(4.634.505)
Profit before taxation	5.164.525	4.940.098
(Loss)/profit from associated companies	(253.594)	21.319
Depreciation in value of capital securities of Cyprus Popular Bank	-	(2.000.000)
	4.910.931	2.961.417
Taxation	(965.820)	(901.530)
Profit after taxation	3.945.111	2.059.887
Loss/(Profit) attributable to minority interest	101.314	(19.940)
Profit attributable to shareholders of the Company	4.046.425	2.039.947
Earnings per share	5,46 cents	2,75 cents
Readjusted earnings per share	5,46 cents	2,75 cents

At a meeting held on February 20, 2014, the Board of Directors of Logicom Public Limited examined and approved the preliminary results for 2013.