Cytrustees Investments (CYT) managed to overturn the 2003 losses and report profits for 2004 despite the 10% decline in local equity prices during the year. Cytrustees reported net profits of CYP 240.000 for 2004 compared to CYP 686.000 losses for 2003, on the back of higher dividend income and reduced investment revaluation losses. Income from

Pierides Electrical (PGE) announced that it will pay a dividend of 1 cent per share for 2004, more than double the 0.45 cent paid for 2003, on the back of a sharp improvement in results as profits doubled. The dividend yield, based on the current price of 10 cent amount to a juicy 11%, more

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 mln to CYP 3.8 mln for 2004 from CYP 5.2 mln in 2003. Gross profits declined to CYP 1.6 mln from CYP 2.8

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. Total turnover was up 3.4% to CYP 13.03 mln in 2004 from CYP 12.6 mln in 2003, with the increase coming from the

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 turnover to CYP 33.97 mln in 2004 from CYP 26.55 mln in 2003, profits from core activities of property development surged to CYP