Aqua Sol: Interim Management Statement
19/11/2009 9:12
The Group of AQUA SOL HOTELS PUBLIC COMPANY LTD announces the second interim management statement for the year 2009 covering the period from 01/07/2009 pursuant to Article 11 of the Transparency Requirements Law 2007 (N. 190(I) 2007), as follows:
INTERIM MANAGEMENT STATEMENT
The main activity of the Group remains to be the operation of freehold and leasehold hotels in Cyprus and Greece.
The Group's results for the period from 1/7/2009 until today have been increased as compared to that of the first half of 2009 for the reason that the second half of the year is the peak season of tourism in the destinations where the Group mainly operates (Cyprus and Greece).
The results of the continuing worldwide financial crisis that began in year 2008 have negatively affected the tourist arrivals mainly from Great Britain which is the major tourist supplier for Cyprus. The Board of Directors takes all necessary measures to maintain the liquidity of the Group and to promote Group's sales.
There were no further significant events and transactions during the period under review affecting the performance of the Group, except from the Group's ordinary activities.
INTERIM MANAGEMENT STATEMENT
The main activity of the Group remains to be the operation of freehold and leasehold hotels in Cyprus and Greece.
The Group's results for the period from 1/7/2009 until today have been increased as compared to that of the first half of 2009 for the reason that the second half of the year is the peak season of tourism in the destinations where the Group mainly operates (Cyprus and Greece).
The results of the continuing worldwide financial crisis that began in year 2008 have negatively affected the tourist arrivals mainly from Great Britain which is the major tourist supplier for Cyprus. The Board of Directors takes all necessary measures to maintain the liquidity of the Group and to promote Group's sales.
There were no further significant events and transactions during the period under review affecting the performance of the Group, except from the Group's ordinary activities.
