Petrolina profit surge, dividend upped

Petrolina (Holdings) Pcl posted a highly satisfactory set of preliminary 2005 results with profits surging by 53% higher while the dividend per share was lifted from 1.4 cent to 3.7 cent per

Lanitis Bros. sinks into the red

Lanitis Brothers Pcl (LB) released its preliminary 2005 results posting a disappointing performance as a net profit of CYP 280,000 reported for 2004 overturned into a net loss of CYP 1,170,000 for

Snoras fails to submit bid for USB

The Lithuanian AB Bankas Snoras did not submit a Public Offer document for the acquisition of a minimum 52% and a maximum 55% of Universal Savings Bank (USB) at a consideration price

Hellenic returns to profit

Hellenic Bank Group Public Co. Ltd. managed to overturn previous losses with a return to profitability after reporting that the net profit for 2005 reached CYP 7.51 mln compared to a loss

CSE boosted by BOC strength

The CSE GENX closed at a fresh record of 2379.57 points, pulled higher by another strong performance by Bank of Cyprus, which continued to advance in Cyprus after foreign investors bid the