We wish to inform you that pursuant to the provisions of the Transparency Requirements Law 2007, DH Cyprotels Plc presents the following Interim Management Statement.
There were no significant events during the period.
The Company observes the developments in the tourist and hotel sector in order to find the proper opportunity for the expansion of its activities in and outside Cyprus.
Its six-month results showed loss of €7.2 million, which are expected to improve by the end of the second half, which is always better than the first.
As a Group, we try to reduce our lending rates since it is a considerable expense and, therefore, we are in constant talks and negotiations with the banks.
We adjust to the challenges of the period and we are certain that with our constant effort for the improvement of our product and the new measures that will be taken, we will reverse the negative climate. The competition is strong in and outside Cyprus. We do our best to face competition, offering quality to our products and service to our customers.
There were no significant events during the period.
The Company observes the developments in the tourist and hotel sector in order to find the proper opportunity for the expansion of its activities in and outside Cyprus.
Its six-month results showed loss of €7.2 million, which are expected to improve by the end of the second half, which is always better than the first.
As a Group, we try to reduce our lending rates since it is a considerable expense and, therefore, we are in constant talks and negotiations with the banks.
We adjust to the challenges of the period and we are certain that with our constant effort for the improvement of our product and the new measures that will be taken, we will reverse the negative climate. The competition is strong in and outside Cyprus. We do our best to face competition, offering quality to our products and service to our customers.
Tuesday, 20 September, 2011 - 14:09