18/02/2014 10:26
The negative effect on the Company's results is estimated to €1,4 million from the agreement between Emerald Coast Properties Ltd (the "Investor") and L' Union Nationale (Tourism and Sea Resorts) Ltd.
The negative effect concerns the difference between the book value of the assets attributable to the Company before and after the completion of the agreement.
The Board of Directors considers that the long term benefits from the prospective offered are much higher in relation to the above nonrecurring loss.
The losses of CCCT dropped in 2013 to €6 million from €7 million in 2012.
The negative effect concerns the difference between the book value of the assets attributable to the Company before and after the completion of the agreement.
The Board of Directors considers that the long term benefits from the prospective offered are much higher in relation to the above nonrecurring loss.
The losses of CCCT dropped in 2013 to €6 million from €7 million in 2012.
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