CTC: Final results 2008 – AGM and EGM for buyback on 22/6
29/4/2009 10:17
At the meeting held on April 28, 2009, the Board of Directors of Cyprus Trading Corporation Plc examined and approved the final results for 2008.
a. Final results
In the audited results, the profit after taxation for 2008 stood at €36,707,917 from €33,965,000 in the indicative results announced on February 27, 2009. This difference resulted from the increase in the share of profits from associated companies, the increase in profit from the sale of subsidiary and the increase in the profitability of the subsidiaries analyzed in Note 43 of the final results.
The audited results are posted to the CSE and the shareholders and will be available at the Company’s website, www.ctcgroup.com.
b. Dividend
The Board of Directors wishes to pay a dividend. However, due to the ongoing economic crisis, it has not decided yet whether it will pay a dividend or not. The issue will be re-examined before the end of May 2009.
c. General Meetings
The Board of Directors decided that the Annual General Meeting will take place on June 22, 2009 at the Hilton Hotel. The Extraordinary General Meeting, which will take place on the same day, will authorize the Board of Directors to proceed with buyback.
a. Final results
In the audited results, the profit after taxation for 2008 stood at €36,707,917 from €33,965,000 in the indicative results announced on February 27, 2009. This difference resulted from the increase in the share of profits from associated companies, the increase in profit from the sale of subsidiary and the increase in the profitability of the subsidiaries analyzed in Note 43 of the final results.
The audited results are posted to the CSE and the shareholders and will be available at the Company’s website, www.ctcgroup.com.
b. Dividend
The Board of Directors wishes to pay a dividend. However, due to the ongoing economic crisis, it has not decided yet whether it will pay a dividend or not. The issue will be re-examined before the end of May 2009.
c. General Meetings
The Board of Directors decided that the Annual General Meeting will take place on June 22, 2009 at the Hilton Hotel. The Extraordinary General Meeting, which will take place on the same day, will authorize the Board of Directors to proceed with buyback.
