E&F: Reduced profits-Bonus CTC shares
26/3/2002 12:46
During the board meeting of Euroinvestment & Finance Ltd. of the 22 March 2002, the preliminary consolidated unaudited financial statements were examined and approved, for the year ended 31 December 2001.
Total revenues for the year reached CYP 1.798.738 compared to CYP 2.423.009 in 2000. Pre-tax profits reached CYP 224.433 with after-tax profits of CYP 59.953 compared to CYP 833.068 the previous year. Profits attributable to shareholders were CYP 46.948 with earnings per share of 0,26 cents.
During the said meeting, the board decided to propose to the AGM to offer to shareholders of the company on the 30 June 2002, 409.521 shares of the Cyprus Trading Corporation held in the company’s investment portfolio, to the ratio of 1 bonus CTC share for every 44 Euroinvestment & Finance shares.
Total revenues for the year reached CYP 1.798.738 compared to CYP 2.423.009 in 2000. Pre-tax profits reached CYP 224.433 with after-tax profits of CYP 59.953 compared to CYP 833.068 the previous year. Profits attributable to shareholders were CYP 46.948 with earnings per share of 0,26 cents.
During the said meeting, the board decided to propose to the AGM to offer to shareholders of the company on the 30 June 2002, 409.521 shares of the Cyprus Trading Corporation held in the company’s investment portfolio, to the ratio of 1 bonus CTC share for every 44 Euroinvestment & Finance shares.
