Telia: Interim Management Statement
13/11/2009 17:25
At the meeting held on November 13, 2009, 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.
On March 20, 2009, Telia Aqua Marine Public Ltd registered the 100% subsidiary Telia (Vasiliko) Ltd, which from May 1, 2009 manages the dorado and bass fish culture unit at the area of Vasiliko.
The total assets of Telia (Vasiliko) Ltd as at November 12, 2009 stood at €787,245.51.
From May 2009 to October 2009, 140,589 kg fish were caught from the new unit.
Due to the addition of the new unit and the increased sales of the parent company, the results are expected to show improvement in 2009.
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 2008.
On March 20, 2009, Telia Aqua Marine Public Ltd registered the 100% subsidiary Telia (Vasiliko) Ltd, which from May 1, 2009 manages the dorado and bass fish culture unit at the area of Vasiliko.
The total assets of Telia (Vasiliko) Ltd as at November 12, 2009 stood at €787,245.51.
From May 2009 to October 2009, 140,589 kg fish were caught from the new unit.
Due to the addition of the new unit and the increased sales of the parent company, the results are expected to show improvement in 2009.
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 2008.
