Atlantic Insurance lifts profits

Atlantic Insurance (ATL) recorded a satisfactory improvement in its 2004 results, lifting profits to CYP 1.18 mln from CYP 677.000 in 2003 on the back of an increase in premium income. The

Cyprus lowest in European R&D funding

Cyprus spent a miserable 0.33% of of Gross Domestic Product (GDP) on research and development (R&D) in 2002, falling far short of the average 2% for all 25 European Union member states.

US forecast revised up, Japan down

The Economist Intelligence Unit (EIU), in its February Global Forecast, has revised up its forecast for US real GDP growth in 2005 to 3.3% from 3.1% on the back of stronger consumer

Lanitis Bros. profits nose-dive

Lanitis Bros. (LB), the local Coke bottler and milk and juices manufacturer reported a highly disappointing set of results for 2004, with net profits nose-diving to CYP 463.832 from CYP 1.25 mln

A&P lifts dividend on higher profits

A&P Andreou Paraskevaides (APE) the local bottlers of Pepsi upped the final dividend to be declared for 2004 to 0.67 cent per share from 0.55 cent in 2003 for a yield of

Kanika declares record dividend

Kanika Hotels (KAN) surprised the market by announcing a record dividend for 2005, on top of a final dividend for 2004, taking its yield to a whopping 45%. After reporting a doubling