SFS Group Pcl (SFS.CY) issued its first half financial results, posting a net profit figure of EUR 14.6 mln, down moderately by 8.3% year-on-year from the EUR 15.9 mln profit booked in 1H07. EPS was recorded at EUR 0.2353. Despite the very difficult environment, SFS managed to maintain its profits at satisfactory level on the
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Petrolina Holdings Pcl (PHL.CY) reported a significant decrease in its first half results with net profit declining 37.2% year-on-year to EUR 3.6 mln. EPS fell to EUR 0.0411. Total sales surged by 52% yoy to EUR 198mln on the back of higher sales from filling stations and other commercial clients (+26.4% yoy). However, gross profit
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Options Cassoulides Plc (OPT.CY) announced that its subsidiary NDD Publications has entered into an agreement with Kathimerini SA for the issue of newspaper “Kathimerini” in Cyprus. The Company is expected to commence operations in 2008. Meanwhile, OPT reported sharply lower profits in the first half of 2008, with net profit attributable to shareholders diving to
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Cyprus will record the strongest population growth between 2008 and 2060 among all EU-27 member states. According to Eurostat, between 2008 and 2060, the population in EU27 is projected to rise in thirteen member states and fall in fourteen. The strongest population growth is projected to be recorded in Cyprus (+66%), Ireland (+53%), Luxembourg (+52%),
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Costas Christofides, Vice-Rector of Academic Affairs at the University of Cyprus said the University’s aim is to increase the number of students to 7,500 by the academic year of 2011-20012. “This year there is a 17-18% increase on the number of students admitted at the University of Cyprus”, namely 1021 newcomers, comparing to the 850
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Cypriot football champion Anorthosis Famagusta FC has become the first Cypriot team to qualify for the UEFA Champions League group stage. Anorthosis, a refugee club from Famagusta under Turkish occupation since 1974, lost Wednesday night 0 – 1 to Olympiakos Piraeus, during the second leg against the Greek champion, but succeeded in qualifying for the
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But not much expected Russian President Dmitry Medvedev looked east for support for Moscow's tough line over Georgia, which has inflamed relations with the West and prompted talk of a new Cold War. The Kremlin leader flew to Tajikistan for a summit of a regional security forum with China and four Central Asian states at
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The U.S. dollar tumbled from six-month peaks against the euro as comments by a European Central bank official rekindled speculation about an interest rate increase in the euro zone to quell persistent inflation pressure. Investors also remained wary of nagging troubles in the U.S. financial system as mortgage finance companies Fannie Mae and Freddie Mac
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European shares slipped in early trade on Thursday as quarterly results did little to dispel worries over the financial sector and oil threatened to breach $120 a barrel on weather-related supply concerns. At 0717 GMT, the FTSEurofirst 300 index of top European shares was down 0.2 percent at 1,170.68 points. Banks took the most points
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Microsoft Corp released on Wednesday a second test version of Internet Explorer 8, delivering a feature-complete upgrade to the world's most widely used Web browser. The world's largest software maker said the latest version — beta 2 — of Internet Explorer, which has a market share of about 75%, comes with new features to enhance
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