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Efremico expects improvement in final results 2009

Pursuant to the CSE and SEC Regulations and in order to fully inform the shareholders and the investing public in general, Efremico Holdings Public Ltd announces that the results for the year ended December 31, 2009 will suffer lower losses than those of the corresponding period of 2008.

This is mostly attributable to the drop in the share of loss from the associated companies.

On December 23, 2009, the Company sold 869,444 shares held in the share capital of Plyntex Public Ltd. As a result, the investment in Plyntex Public Ltd is not recognized as investment in associated company.
Thursday, 25 February, 2010 - 11:44