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 share for a dividend yield of 8.7%. Net profit surged 53.4% y/y to CYP 5.239.000 from CYP 3.418.000 in 2004 with EPS up

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 2005. Last year’s profits were already marked lower from the preliminary stage where for 2004, LB had initially reported profits of CYP 464.000.

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 of CYP 0.90 cent per share, as stipulated by the M&A law the CSE announced on February 24. The CSE said that Snoras

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 of CYP 15.31 mln in 2004 and a loss of CYP 14.4 mln in 2003. Hellenic CEO Makis Keravnos told analysts when presenting

The Central Bank of Cypus Monetary Policy Committee (MPC) voted by 6 votes to zero in favour of maintaining interest rates at the same level. The interest rates on the marginal lending facility remains unchanged at 4.25%, compared with the euro-area equivalent of 3.25%. The interest rate on the deposit facility remains 2.25%, compared with

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 Bank’s share price to a fresh record on the ASE. Traders in Greece, pushed the BOC shares to a record close of EUR