ACD profit up in H106

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Athienitis Contractors Pcl (ACD) issued its 1H06 results posting a Net Profit of CYP 428k vs CYP 377k in 1H05 (+13.9% YoY). The positive performance is attributed to higher revenues (+76% YoY to CYP 5.9 mln) and an improvement in operating profitability supported by an exceptional increase in gross profit (+160%YoY to 755k).