The Annual General Meeting of A. Tsokkos Hotels Pcl (TSH) approved the 0.3 cent per share dividend payment to its shareholders from the Company’s distributable reserves, the continuation of its share buy back scheme and the reduction of its share capital. In line with a previous announcement, TSH will pay 0.2 cent per share from
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A. Zorbas & Sons Ltd., one of the island’s largest bakery products producer and retailer reported its first decline in net profits during the first half on the back of higher labour costs as the new collective agreements were renewed and higher fuel costs as oil prices raced to a new record. Total turnover was
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Commissioner for Health and Consumer Protection Markos Kyprianou was prevented Friday from visiting the Turkish occupied northern part of the island, reports said. Kyprianou, who had meetings with the leaders of Greek Cypriot ruling and opposition parties, was barred by a decision of the Turkish Cypriot leader, Mehmet Ali Talat, Antenna radio reported. The Commissioner
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A new survey has revealed that some 90% of U.S. teens regularly use the Internet in a sign of how deeply the web has been integrated into society just 10 years after it went mainstream. The report, released by the Pew Internet & American Life Project Thursday, found that nearly nine out of 10 young
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Motorola is joining forces with Cisco Systems to deliver a seamless enterprise mobility solution that will include Wireless Local Area Networking (WLAN) Internet Protocol (IP) telephony and cellular phone technologies. By blending key features and benefits of mobile cellular, wireless and enterprise fixed networks, the Motorola-Cisco solution will provide a single mobile communications device that
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The Securities & Exchange Commission has forwarded its extensive probe of the affairs under which Bank of Cyprus sold 39 mln shares on the Athens Stock Exchange to the Attorney General for the imposition of punitive measures against those who violated securities laws. The SEC conducted a thorough investigation of the way BOC sold 39
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K. Kythreotis Holdings Public Ltd. reported an increase in first half profit on the back of higher sales and no goodwill adjustment, which had cost the company some CYP 75.000 in additional charges a year ago in the same period. Total turnover was up at CYP 4.99 mln during the first half of 2005 from
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Alkis Hadjikyriakos Frou-Frou Biscuits Public Ltd., the island’s largest biscuit and cereals manufacturer reported a moderate increase in first half profit, which the company described as unsatisfactory, promising that corrective measures were being introduced to boost profits. The company blamed a 7.5% increase in first half sales to CYP 5.97 mln as being mostly due
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