Plyntex Debuts at 25 cents
Plyntex Debuts at 25 cents
20/8/2001 11:42
PLY
The company Plyntex Ltd. made its debut on the CSE today, with its share opening at 25 cents. Plyntex, a dry cleaning company, was established in 1972 and amongst its clients are hotels, hospitals, restaurants and others. The company listed 7.724.734 shares of 25 cents nominal value each.

Sales of the company are expected to reach CYP 428.900 for 2001, an increase of around 66% on the previous year, due to the company's apparent improvement of its operational infrastructure and technological upgrade as well as additional clients in the current year. Profits are expected to be around CYP 40.027.

Major shareholders of Plyntex are Efremico Holdings, Autoland Finance & Investment and Knossos Investments Ltd. The company plans to construct a new unit in the Aradippou area on self-owned land for servicing of the Famagusta, Larnaca and Limassol areas at a total cost of around CYP 950.000.

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