ATL, TLA & KRO approve dividend

The Board of Directors of Atlantic, Telia Aqua Marine and Kronos have approved the level of dividend to be proposed at their respective Annual General Meetings.

Atlantic Insurance (ATL) approved the final 2005 results, recording a net profit of CYP 1.68 mln for an EPS 4.3 cent compared to the preliminary results of CYP 1.72 mln and 4.4 cent EPS respectively.

Additionally the Board proposed to the AGM for approval a dividend payment of 2 cent per share to all shareholders registered as at 9 June 2006. This represents a dividend payout of 47%. Subject to the AGM’s approval the ex-dividend date is set for 7 June 2006.

Telia Aqua Marine Pcl (TLA) approved the final 2005 results, recording a net profit of CYP 291.000 for an EPS 1.24 cent matching its preliminary figures. Additionally the Board proposed to the AGM for approval a dividend payment of 1.5 cent per share to all shareholders registered as at 14 June 2006. This represents a dividend payout of 121%.

Kronos Press Agency (KRO) approved the final 2005 results, recording a net profit of CYP 746.000 for an EPS 3.7 cent matching its preliminary figures. Additionally the Board proposed to the AGM for approval a dividend payment to its shareholders of 2 cent per share. This represents a dividend payout of 54%.

Meanwhile, Apollo Investment Fund Pcl (APOL) has proposed to the AGM a dividend payment of 2 cent per share to all shareholders registered as at 16 May 2006. The recommended ex-dividend date is set on 12 May 2006.