Marfin Popular Bank profits decline 38%

Marfin Popular Bank Pcl (MPB) reported a 38% year-on-year decline in first quarter profit to EUR 104.4 mln compared to EUR 168.96 mln reported in the first quarter of 2007 in line

Sarris resignation from BOC Board accepted

The Board of Directors of Bank of Cyprus Pcl (BOCY) decided to unanimously accept the resignation of former finance minister Michalis Sarris from his position as member of the Board of Directors

Ermes and Woolworth report lower results

Woolworth (Cyprus) Properties Plc (FWW.CY) issued its 1Q08 results posting a net profit figure of EUR 1.2mln compared to a net profit figure of EUR 3.2mln in 1Q07. EPS was reported at

Louis price target at EUR 0.72

Marfin Egnatia have kept their price target on the share price of Louis Pcl (LUI.CY) unchanged at EUR 0.72 per share following the release of the first quarter results. This implies a

Muskita reports lower 1Q profits

Muskita Aluminium Industries Pcl (MAI.CY) issued its 1Q08 results posting a 1.9% YoY decrease in net profit to EUR 3.1 mln. Despite the containment in operating expenses (lower unit cost), the lower

No bid for Pandora and Leptos

Armonia Estates Limited decided not to proceed with its intention to submit a Public Offer for the acquisition of 100% of the share capital of Pandora Investments ( PND.CY) and Leptos Calypso

Orphanides reports lower profit growth

Orphanides Pcl (ORF.CY) issued its 1Q08 results, posting a 16.8% YoY decrease in net profit to EUR 618.000. EPS stood at EUR 0.0076. Revenue was up 20.6% y-o-y to EUR 36.8mln. Despite

PrimeTel to proceed with IPO

PrimeTel is to proceed with its Initial Public Offering (IPO) with a view to list in the Alternative Market of the Cyprus Stock Exchange with the cash to be raised from the