BOC-Profits up by 40,3%
18/5/2001 11:00
The Bank of Cyprus group yesterday published its consolidated results for the three month period 1 January to 31 March 2001 which were approved at the group’s Board during its meeting of the 17 May 2001.
Pre-tax profits reached CYP 20.179.000 compared to CYP 15.272.000 the same period last year, an increase of 32,1%, with after-tax profits rising by 40,3% to CYP 13.135.000. Fully disbursed earnings per share were 2,9 cents.
The group considered the results as very satisfactory, considering the rapid development of its operations in Greece. As at 15 May customers deposits in Greece reached CYP 1.134.000, an increase of 40% from the beginning of the year.
The group anticipates net profits to continue showing an upward trend for the current year.
Pre-tax profits reached CYP 20.179.000 compared to CYP 15.272.000 the same period last year, an increase of 32,1%, with after-tax profits rising by 40,3% to CYP 13.135.000. Fully disbursed earnings per share were 2,9 cents.
The group considered the results as very satisfactory, considering the rapid development of its operations in Greece. As at 15 May customers deposits in Greece reached CYP 1.134.000, an increase of 40% from the beginning of the year.
The group anticipates net profits to continue showing an upward trend for the current year.
