losses Archives - Financial Mirror

Cyprus banking system posted Q3 losses

The Cyprus banking system reported after-tax losses of €36 million on a consolidated basis in the first nine months, from a profit of €22.54 million in the same period last year due

13th December 2022

Business

Top three clubs report €15.5 mln losses

Cyprus football clubs lost a combined €15.5 mln in 2021 as big spenders failed to yield profits still being hammered by COVID, but also their poor performance did not help put out

28th May 2022

Cyprus/Life & Society

Cyprus services sector count war losses

Lawyers, auditors, and accountants have taken a direct hit from the war in Ukraine and sanctions imposed on Russia, estimating revenues have shrunk 15% in the aftermath of the conflict. The EU

13th March 2022

Business/Cyprus

Bank of Cyprus losses triple amid COVID

Bank of Cyprus saw its losses triple last year to €175 mln. Its chief executive is confident 2021 will be better, focusing on reducing costs and liabilities while increasing retail loans and

24th February 2021

Business

Bank of Cyprus losses top €122 mln in 9 months

Bank of Cyprus announced after-tax profits of €4 mln in the third quarter, somewhat easing the pain of €122 mln in losses during the nine months, while its chief executive warned of

27th November 2020

Business

Cyprus football clubs suffered €23 mln losses

Cyprus football clubs lost a combined €23 mln in 2019 as big spenders failed to yield profits as 13 out of the 14 teams playing in next season’s First Division closed their

25th June 2020

Business