Astra Self Drive Cars (ACR) reported sharply reduced turnover during 2004 as a number of activities were terminated, forcing the company to remain in the red to the tune of CYP 3.3 mln. Turnover fell to CYP 6.25 mln from CYP 8.65 mln in 2003, of which CYP 1.46 mln was due to the termination
More
Chris Joannou (CJ) saw its net profits decline by 31% year-on-year to CYP 70.431 in 2004 from CYP 101.654 in 2003, despite an increase in total sales to CYP 4.86 mln from CYP 4.65 mln a year ago. Earnings per share, based on the preliminary 2004 results amounted to 0.69 cent from 1.01 cent in
More
Ellinas Finance (ELF) reported a massive increase in its net losses in 2004 to CYP 1.385.647 from CYP 310.026 in losses reported for 2003 on the back of reduced income and a sharp increase in provisions for bad debts, which climbed to CYP 1.88 mln from CYP 840.000 a year earlier.
More
Chris Joannou profits decline Chris Joannou (CJ) saw its net profits decline by 31% year-on-year to CYP 70.431 in 2004 from CYP 101.654 in 2003, despite an increase in total sales to CYP 4.86 mln from CYP 4.65 mln a year ago. Earnings per share, based on the preliminary 2004 results amounted to 0.69 cent
More
President Tassos Papadopoulos leaves Tuesday for Brussels to participate in a European Union–US summit. On Tuesday afternoon, US President George Bush, prior to his meeting with European Commission Preident Jose Barroso, will meet with the 25 heads of state and sovernment of EU member states, including President Papadopoulos. Parallel to this meeting, EU Foreign Ministers,
More
The Statistics Service also announced that total imports/arrivals in Novermber were CYP 263.2 mln, of which CYP 184.3 mln were arrivals from other EU Member States and CYP 78.9 mln imports from Third countries. Total exports/dispatches were CYP 47.8 mln of which CYP 24.4 mln were dispatches to other EU Member States and CYP 23.4
More
Equity prices on the Cyprus Stock Exchange (CSE) recovered 1% on Monday as Bank of Cyprus (BOC) shares recovered higher on the ASE and in turn helped the local bourse to remain in positive teritorry for most of the day. The GENX closed 0.9% higher at 87.30 points, the FTSE/CySE 20 large cap was up
More
The government has raised CYP 112 mln in revenue from the one-off tax amnesty offer for the declaration of secret amounts until end of December 2002. The Chairman of the Tax Declarations Office Andreas Theophilou told a House Finance Committee briefing that for the week ended February 18, total revenue amounted to CYP 112 mln,
More
Cyprus’s hopes for joining the Exchange Rate Mechanism received a boost following the endorsement by the European Commission of the government’s Convergence Program. The Commission said that Cyprus was on track to meeting its budget deficit target of 2.9% for 2005, describing the effort as ambitious but feasible. The Commission also welcomed Cyprus’s commitment to
More