Caramondani: Profit warning for the six-month results 2003
30/6/2003 10:35
The Board of Directors of Caramondani Bros Limited has ended up with the conclusion that the financial results for the first half of 2003 will show loss before taxation, which is expected to reach CYP 250,000 compared to a profit before taxation of CYP 103,781 of the first half of 2002.
The loss is attributable to the ongoing recession in the Building sector and the increased competition in the electro-mechanical sector.
The loss is attributable to the ongoing recession in the Building sector and the increased competition in the electro-mechanical sector.
