MCC profit at CYP 570.000

Multichoice (Cyprus) Pcl (MCC) reported its preliminary 2005/06 results, recording a net profit of CYP 570.000 and EPS 0.84 cent, compared to CYP 171.118 profit and EPS 0.25 cent recorded in 2004/05.

BOC approaches chart supports

BOC shares closed on the CSE at CYP 4.49 while on the ASE, the shares closed at EUR 7.88 or CYP 4.53 on Tuesday, indicating more sideways trading and possibly some consolidation

VAT revamp for insurance and financial services

The European Commission plans to reform current legislation on financial services and insurance, with the aim of cutting administrative costs and removing competitive distortions with respect to VAT across different Member States.

Insurance premiums up 9% in 2005

The General Insurance industry saw premium income during 2005 rising by 8.9% year on year to CYP 180.5 mln from CYP 165.7 mln in 2004 according to the Cyprus Insurance Association. Motor

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