Pandora profit surge in H106

Pandora Investments Pcl (PND) issued its 1H06 results posting an impressive increase in Net Profit to CYP 2.52 mln vs. CYP 937k in 1H05 (+169% YoY). The positive performance is attributed to the higher revenues recorded (up by 64% YoY to CYP 19.6 mln) and the improvement in operating profitability underpinned by an exceptional performance in gross profit to CYP 6.3 mln (+83 YoY). EPS was recorded at 0.6 cent vs. 0.24 cent in 1H05 posting an increase of 150%YoY.