Dimco wants to shift to Parallel Market

The Board of Directors of Dimco Pcl (DES) announced that it is contemplating together with its consultants and advisors the possibility of making a shift out of the Alternative Market to the Parallel Market of the CSE. An announcement will be made as soon as the relevant decision is made.

Meanwhile the Board of Dimco issued a positive profit warning for its FY06 results that are expected significantly improved compared to its FY05 results attributed to higher revenue. In 2005, DES recorded a net profit of CYP 900.000 while for 1H06 net profit amounted to CYP 648.000.