Aspis Holdings issues positive profit warning

Aspis Holdings Pcl (ASP.CY) issued a positive profit warning for its 2008 first half results on the back of increased contribution in profits from its associates, as well as gains from other investment activities. A year ago in1H07 ASP posted a net profit figure of EUR 12.2 mln, yielding an EPS of 0.1805.

In another development, following the Supreme’s Court decision to suspend 19.55% of the voting rights of ASP and ‘Commercial Value’ in USB, the two Companies proceeded with the disposal of 1,845,000 USB shares, decreasing their stake to 9.99%.