BOC to proceed with rights issue

Bank of Cyprus Group will proceed with an issue of new shares to existing shareholders (Rights issue) towards the end of the year of approximately CYP 100 mln, Group CEO Andreas Eliades

Muskita posts lower first half profits

Muskita Aluminium Industries (MAI) reported a 14.4% reduction in net profits during the first half of the year on the back of higher depreciation charge and as a result of the increase

BOC beats expectations

Bank of Cyprus Group (BOC) managed to beat market expectations, reporting CYP 31.3 mln in first half profits, up 97.5% from CYP 15.9 mln a year ago in the same period, and

Banks close to union deal

The island’s banks are close to a three year contract deal with the bank employees union, ETYK, similar to the collective renewal deal reached earlier by the government and the civil servants

BOC roars past CYP 2 mark

Bank of Cyprus shares roared past the CYP 2.00 level, touching an intra-day high of CYP 2.03 on the CSE on Thursday before closing at CYP 2.01 per share while in Greece,

Lanitis first half profit surge 174%

Lanitis Bros. (LB) reported a significant improvement in first half results on the back of higher export sales as well as the distribution and selling of the prepaid areeba mobile phone cards.

Associates lift SFS profits higher

SFS Group Public Ltd. reported an improvement in first half performance during the first half of 2005, but this was mostly as a result of the share of profits from associate companies,