The Board of Directors of Atlantic Insurance Ltd (ATL) approved the payment of a dividend of 1.25 cent per share. Based on the stock’s most recent closing price the dividend yield stands at 6.5% representing a dividend payout ratio of 41%. The Company’s AGM will be held on 25 May 2005. The Board approved the

The Board of Orphanides Supermarkets (ORF) approved the payment of a dividend of 1 cent per share representing a dividend yield of 4.5% and a dividend payout ratio of 26% of profits, its first since it was listed in 1998. The dividend declaration needs shareholder approval when the Company’s AGM will be held on June

Vision International People Group Public Ltd (VIP) announced the acquisition of the 100% of the share capital of Total Eclipse International Ltd for GBP 50.000 in cash. The decision to proceed with the acquisition was resolved during the Board of Directors meeting and has also been fully reviewed and approved by the Audit Committee. Total

Spending by credit card increased by 10% year-on-year in the first quarter of 2005, according to JCC Payment Systems Ltd., the credit card processing company owned by the banks. During the first quarter of the year, Cypriots spent CYP 140.4 mln locally with spending in March alone up 8% to CYP 47 mln. The supermarkets