US forecast revised up, Japan down

The Economist Intelligence Unit (EIU), in its February Global Forecast, has revised up its forecast for US real GDP growth in 2005 to 3.3% from 3.1% on the back of stronger consumer

Lanitis Bros. profits nose-dive

Lanitis Bros. (LB), the local Coke bottler and milk and juices manufacturer reported a highly disappointing set of results for 2004, with net profits nose-diving to CYP 463.832 from CYP 1.25 mln

A&P lifts dividend on higher profits

A&P Andreou Paraskevaides (APE) the local bottlers of Pepsi upped the final dividend to be declared for 2004 to 0.67 cent per share from 0.55 cent in 2003 for a yield of

Kanika declares record dividend

Kanika Hotels (KAN) surprised the market by announcing a record dividend for 2005, on top of a final dividend for 2004, taking its yield to a whopping 45%. After reporting a doubling

Cytrustees back into profits

Cytrustees Investments (CYT) managed to overturn the 2003 losses and report profits for 2004 despite the 10% decline in local equity prices during the year. Cytrustees reported net profits of CYP 240.000

Tourism woes hurt Lordos Hotels

A sharp decline in the occupancy of the Golden Bay Hotel in Larnaca forced Lordos Hotels Holdings (LHH) to report a massive loss for 2004, as total turnover fell by CYP 1.3