Based to the Cyprus Stock Exchange and Cyprus Securities and Exchange Commission regulations and in order to fully inform the shareholders and the investing public in general, the Group C.C.C. Tourist Enterprises Public Company Ltd announces that the losses of the Group for the first six months of 2014 will be decreased compared to the corresponding period of 2013.
Although the Company has recognized a loss of €1,4 million with the conclusion of the agreement with Emerald Coast Properties Ltd dated 31/01/2014, the improvement of results is due to the reduction of Company’s share in L’ Union Nationale (Tourism and Sea Resorts) Ltd to 50%, and the reduction of Company’s financing costs.
C.C.C. Secretarial Ltd
Limassol, 25th June 2014