Euroinvestment: Board meeting on 30/8 for six-month results 2004 and capital structure – Profit warning for six-month results
12/8/2004 10:06
We wish to inform you that the Board of Directors of Euroinvestment & Finance Ltd will meet on Monday, August 30, 2004 to examine the six-month results 2004 and the capital structure of the Company and will proceed to the relevant announcement.
Pursuant to the CSE and SEC Regulations, Euroinvestment & Finance Ltd also announces that as a result of the increased provisions, the results after taxation for the first half of 2004 are expected to show increased losses against the corresponding period of 2003. On an operational level (before the provisions), the results are expected to show profits compared to a loss in the first half of 2003 due to the improvement in the net income from interests and the increased contribution from property and construction activities of the subsidiary.
Pursuant to the CSE and SEC Regulations, Euroinvestment & Finance Ltd also announces that as a result of the increased provisions, the results after taxation for the first half of 2004 are expected to show increased losses against the corresponding period of 2003. On an operational level (before the provisions), the results are expected to show profits compared to a loss in the first half of 2003 due to the improvement in the net income from interests and the increased contribution from property and construction activities of the subsidiary.
