Louis Plc released a lower set of FY07 results with bottom line profitability down by 39.9% yoy to EUR 12.9m (CYP 7.5m). Revenues marked a suboptimal increase of 1.4% yoy to EUR 314.7m (CYP 184.2m), whilst EBITDAR was recorded at EUR 56.8m (-23.9% yoy) owing to the elevated expenses associated with short term chartering of
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The European Commission concluded that Slovakia meets the criteria for adopting the euro and made a proposal to the Council to this effect. The regular Convergence Report on euro readiness, adopted by the Commission, shows that the other nine countries with a so-called 'derogation' have made progress on the road to the single currency, but
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Motivation of employees is the route to high performance. The key to motivation is finding out what people want to do and what is important to them. If you then manage to work out together how they can do it and at the same time to match your motivation, then you can claim success. Little
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By Mark Hollingsworth The very successful investor is the one that looks for new opportunities before the crowd follows. One such opportunity that fits the bill is Africa, even though there are very limited opportunities to buy investment funds in this country. This is a great pity as I think the region has all the
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Cyprus Stock Exchange listed companies managed to increase their combined profit for 2007 by 73.6% to EUR 1.7 bln based on final results compared to EUR 977.8 mln in 2006, according to Financial Mirror data based on official final results reported by the companies. The 73.6% profit growth of the CSE companies adequately justifies the
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Athos Diamond Centre Pcl (AD.CY) is reported to be close to acquiring the International Merchandising Centre (IMC) of Andreas Kaisis located at the entrance of Nicosia, with a Board decision expected soon to ratify and seal the deal. Informed sources told the Financial Mirror that AD, which is 68% owned by Aspis Holdings Pcl (ASP.CY)
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New Deputy Attorney General Akis Papasavvas assured on Tuesday that he would do everything possible to meet the expectations and safeguard the rights of the people of Cyprus. President of the Republic Demetris Christofias, before whom Papasavvas was sworn in at a ceremony at the Presidential Palace, said the new Deputy Attorney General was taking
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The European Commission has decided to send Cyprus an official request for information on its national legislation restricting the activities of estate agents. The Law adopted in July 2007, after an initial letter of formal notice was sent in July 2006 concerning the provisions of Law 273/2004, does in fact pose certain conditions upon the
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The Board of Directors of Aspis Holdings Pcl (ASP.CY) decided to propose to the Company’s EGM to be held on 30 May 2008 the issue and allocation of new shares in the form of rights. Each existing share will correspond to 1 right, whilst for every 4 rights each holder is entitled to buy one
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