CTC expects better results

Cyprus Trading Corp. issued a positive profit forecast for its preliminary results for 2005 informing the investing community that its net profits will be better than compared to 2004.

The improvement is attributable to the increased profits of the associated companies, and the increased turnover of the Group and the simultaneous restraint of the administrative and finance expenses. During 2004, CTC had reported net profit of CYP 3.07 mln.