Telia: Interim Management Statement
17/5/2011 9:20
At the meeting held on May 16, 2011, the Board of Directors of Telia Aqua Marine Public Ltd examined and approved the Interim Management Statement, pursuant to the provisions of the Transparency Requirements Law 2007.
Main activities
The main activities of our fish culture units in Liopetri and Vassiliko include the hatching of bass fish and Dorado and their breeding and sale in the Cypriot and other foreign markets.
Turnover
The accumulated sales during the period 1/1/2011 – 30/4/2011 stand at €2,689,272 compared to €1,507,025 in the corresponding period of 2010 due to the increase in exports. The sales for the year are expected to increase by 25-30%.
Profitability
Due to the increased exports, which will continue, the results for 2011 will be profitable.
During the period covered by the second Interim Management Statement, there were no profits or losses from non-recurrent activities that do not fall under the Companies’ activities.
Finally, it is noted that the main risks and uncertainties that the companies are exposed to are those described in the audited financial statements for 2010.
Main activities
The main activities of our fish culture units in Liopetri and Vassiliko include the hatching of bass fish and Dorado and their breeding and sale in the Cypriot and other foreign markets.
Turnover
The accumulated sales during the period 1/1/2011 – 30/4/2011 stand at €2,689,272 compared to €1,507,025 in the corresponding period of 2010 due to the increase in exports. The sales for the year are expected to increase by 25-30%.
Profitability
Due to the increased exports, which will continue, the results for 2011 will be profitable.
During the period covered by the second Interim Management Statement, there were no profits or losses from non-recurrent activities that do not fall under the Companies’ activities.
Finally, it is noted that the main risks and uncertainties that the companies are exposed to are those described in the audited financial statements for 2010.
