Tourism woes hurt Lordos Hotels

A sharp decline in the occupancy of the Golden Bay Hotel in Larnaca forced Lordos Hotels Holdings (LHH) to report a massive loss for 2004, as total turnover fell by CYP 1.3

Leptos losses surge in 2004

Leptos Calypso Hotels (LCH) saw its losses surge to CYP 2.5 mln in 2004 from CYP 979.000 in 2003, mostly due to the operation of its new luxurious Thalassa hotel in Paphos.

Pandora profits dive on revaluation losses

Pandora Investments (PND) the property development company reported a sharp reduction in profits during 2004 on the back of higher revaluation losses on its equity investments. After reporting a 28% increase in

Alcatel, Microsoft to Develop TV Services

Alcatel SA, the French maker of telecommunications gear, and Microsoft Corp. Tuesday said they will jointly develop Internet-based TV services for telephone companies. n November, Microsoft announced it would provide TV technology