ACD profit up in H106

Athienitis Contractors Pcl (ACD) issued its 1H06 results posting a Net Profit of CYP 428k vs CYP 377k in 1H05 (+13.9% YoY). The positive performance is attributed to higher revenues (+76% YoY

Passenger traffic drops at LCA airport

…as Cypriots go local for holiday Passenger traffic at Larnaca airport fell 6.2% in May and 1.9% in June 2006 while aircraft using the airport also registered a drop of 7.5% in

Industrial prices rise faster than inflation

According to the Statistical Service Cystat, industrial output prices were stable in July, with the index reaching 122.4 (base 2000=100), the same as June 2006. However, industrial prices have generally been rising