Larnaca,(CNA) – Three Britons, held in connection with the death of a young Greek Cypriot last month and the serious injury of his friend, were charged with willful manslaughter and grievous bodily harm with intent and will appear before the Assize Court later September. A fourth Briton who had pleaded guilty to lesser charges will
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Witnesses continued to testify for a second week before the Commission of Inquiry into the causes of the Helios air crash near Athens on August 14 last year that killed all 121 people on board. Testimonies so far have come from senior and former Civil Aviation officials, while the Chief Investigator of the Hellenic Air
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Danish Prime Minister Anders Fogh Rasmussen said Tuesday he expected from Turkey the full, unconditional implementation of the Ankara protocol, “which implies removal of all obstacles to the free movement of goods and the free access to ports and airports for all EU member states including Cyprus.” Rasmussen said during his single-day visit after talks
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Orphanides Pcl (ORF) reported that first half 2006 profit surged by 20% YoY to CYP 1.23 mln yielding an EPS of 1.52 cent. Revenue were recorded higher by 2.6% YoY at CYP 38.1 mln from CYP 37.14 mln a year ago supported by the addition of one supermarket store (ASDA supermarket) in 1H06. Gross Profit
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Egnatia Financial Services are maintaining their sell recommendation and price target of 14.5 cent on A. Tsokkos Hotels Pcl (TSH) following the release of the first half results, which showed a decline in profitability. TSH released a lower set of 1H06 results posting a 21.2% YoY decrease in net profit to CYP 490.419, vs. Egnatia’s
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Pandora Investments Pcl (PND) issued its 1H06 results posting an impressive increase in Net Profit to CYP 2.52 mln vs. CYP 937k in 1H05 (+169% YoY). The positive performance is attributed to the higher revenues recorded (up by 64% YoY to CYP 19.6 mln) and the improvement in operating profitability underpinned by an exceptional performance
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Aristo Developers Pcl (ARD) issued its first half results posting a net profit of CYP 6.3 mln vs CYP 4.5 mln a year ago for a 39.8% YoY increase. The positive performance is attributed to an increase in revenue, up by 51% YoY to CYP 34.6 mln and an improvement in Gross Profit by 35%YoY
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