Louis Pcl (LUI) released its preliminary 2006 results posting a 16% YoY increase in revenue to CYP 182.1 mln or EUR 316.2 mln, while profits also surged higher with the company issuing a bullish forecast on 2007 profits following the sale of a stake in the CTDC earlier in the month. Revenue from the Company’s
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Cyprus Trading Corporation Pcl (CTC) reported a strong set of 2006 preliminary results with turnover up a whopping 50.2% to CYP 200.74 mln or EUR 348 mln from CYP 133.66 mln or EUR 232 mln in 2005. Net profit after minority interest jumped by 23.2% YoY to CYP 5.57 mln or EUR 9.65 mln from
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…Bank of Cyprus among top picks of JP Morgan  Credit Suisse has commenced coverage on the shares of Marfin Popular Bank with a “neutral†bias and a price target of EUR 9.3 per share, compared to the recent price of EUR 8.10, indicating an upside potential of 15%. Credit Suisse notes in their report
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The Board of Directors of Bank of Cyprus has approved the audited consolidated financial statements of the Group for the year ended 31 December 2006. The Annual Financial Statements have been posted on the Group’s website www.bankofcyprus.com (select Investor Relations /Financial Information). The final audited financial results do not differ from the preliminary results, which
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Whatever the pros and cons of a unilateral adoption of the euro by Turkish Cypriots on the same day as it is formally adopted by the Republic of Cyprus controlled areas, the Turkish Cypriot economy needs serious structural reform. This was perhaps the only consensus that came out of a wide-ranging debate on Tuesday at
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The Chairman of Cyprus Telecommunications Authority (CyTA) Stavros Kremmos said the Authority has initiated its own internal inquiry into reports that the contents of private conversations were being by people working for CyTA. According to Politis, which broke the story, a small group of CyTA employees were selling this information to well-connected police officers and
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Cyprus stocks fell sharply on Tuesday in line with a global equity market selloff after Chinese stocks closed sharply lower following a clampdown by the Chinese government on illegal share trading. The Cyprus Stock Exchange General Index, comprised of the Main and Parallel market stocks dived 2.24% Tuesday to 4278.28 points on 2477 trades for
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Sharelink Securities & Financial Services, a member of SFS Group Pcl (SFS) have revised higher their price target on Muskita Aluminium Pcl (MAI) and issued a 2007 net after tax profit target. For 2007 SFS are projecting revenue of EUR67 mln supported by the signs of positive ongoing construction activity in Cyprus, new export contracts
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The new version of AdminSecure, Panda Software’s network security management console, is fully compatible with Windows Vista and the beta version can be downloaded free from http://www.pandasoftware.com/download/beta/empresas . The new version of AdminSecure allows administrators to set a personal profile for each console user, determining what they can modify and in which components. Open console
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Options Cassoulides Global Publishing Ltd, a subsidiary of Options Cassoulides Pcl (OPT) has agreed to dispose its 75% participation in the issued share capital of NPI FZ-LLC, a Dubai-based company, for a consideration of USD 1.5 mln. NPI FZ-LLC is a publishing company of tourism and other specialized magazines. The 75% participation in NPI FZ-LLC
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