The Company presents the First Interim Management Statement for 2015, which has been prepared pursuant to Article 11 of the Transparency Requirements Law 2007. The statement is based on the results of the first four months of 2015 and the indications for the period until May 14, 2015. The results and the indications have not been audited by the Company’s auditors. Main activities During period, the Group continued with the same activities as in 2014. General description a) As announced on February 26, 2015, the Board of Directors will propose to the AGM the payment of a dividend of €958.949 (2013: €939.177) that corresponds to €0,0097 per share or 3.7% on the nominal value of the share capital and corresponds to a 2.11% increase on the dividend of 2013. The proposed dividend corresponds to a dividend yield of 4% on the average closing price of the share of €0.255 on December 31, 2014. This is the 13th consecutive year that the Company pays increased dividend. In relation to 2014, the Group is expected to be affected positively since in February 2015 it invested via the subsidiary Handy Snacks Ltd in the acquisition of the industrial unit and brand of Bakandys products and bio-food Greenlife as well as other food import representations. Main risks and uncertainties The main risks and uncertainties are the same as those described in the Annual Report for 2014. Main events and transactions There were no other facts and transactions affecting the Company’s results during the period apart from its ordinary activities. Transactions of associated persons There were no significant transactions of associated persons other than the existing employment contracts of the Executive Board members. Targets and prospects The Management will continue its efforts to increase the sales and profitability so that the results for 2015 are better than those of 2014. The ongoing negative conditions in the market, the liquidity problems and the environment of uncertainty as well as the negative psychology of the Cypriot citizens will continue to affect negatively the Group’s results.
- Post published:May 14, 2015