“The first half earnings will be significantly improved compared to the respective ones in the previous year, mainly on increased occupancy of the group’s hotels,” Lordos said in a statement on the website of the Cyprus Stock Exchange.
The hotel operator, which generated an after tax loss of €791,027 in H1 2015, said that it expects a “comparably small loss” from its operations in the first six months of 2016.
Source: Cyprus Mail
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Georg Bühler, ,
Digital assets are no longer a niche, but a part of modern finance attracting a growing number of investors – and there is immense potential for Cyprus to become a leading cryptocurrency hub. By fostering a more inclusive regulatory ecosystem, Cyprus can diversify its financial services sector and position itself at the forefront of digital finance, says Georg Bühler, Managing Director of Mount Pelion Capital.
Read Georg Bühler's Insight
