At the meeting held on Wednesday, November 23, 2011, the Board of Directors of Efremico Holdings Public Ltd approved the interim management statement for the period from July 1, 2010 to November 23, 2011, pursuant to article 11 of Law 190(1) 2007.
The statement has not been audited by the external auditors and describes the Company’s performance as well as the most significant facts during the period.
Main activities
Its main activities, which focus on the investments in CSE-listed titles, in titles that are not listed in the CSE as well as other investments, have not changed. Its main investing aim is the middle-term and long-term capital gains with the creation of a portfolio with securities listed in the CSE and other securities.
Most significant events during the period
From January 1, 2010 to date, the Company generated profit of €50,299. The results during the period have showed an improvement compared to the first half of 2011.
There were no significant events or transactions affecting the Company’s results and no other profits or losses resulted from non-recurrent activities or activities that do not fall under the Company’s main activities.
Main risks
The main risks that the Company faces are the same as those described in the Annual Report 2010.
Future developments
The Company is expected to continue to be actively involved in the same sectors in 2011. The prospects will be affected significantly by the developments in the CSE and the Cypriot economy.
The Company will release an analytical statement of its results in the indicative results for 2012.
The statement has not been audited by the external auditors and describes the Company’s performance as well as the most significant facts during the period.
Main activities
Its main activities, which focus on the investments in CSE-listed titles, in titles that are not listed in the CSE as well as other investments, have not changed. Its main investing aim is the middle-term and long-term capital gains with the creation of a portfolio with securities listed in the CSE and other securities.
Most significant events during the period
From January 1, 2010 to date, the Company generated profit of €50,299. The results during the period have showed an improvement compared to the first half of 2011.
There were no significant events or transactions affecting the Company’s results and no other profits or losses resulted from non-recurrent activities or activities that do not fall under the Company’s main activities.
Main risks
The main risks that the Company faces are the same as those described in the Annual Report 2010.
Future developments
The Company is expected to continue to be actively involved in the same sectors in 2011. The prospects will be affected significantly by the developments in the CSE and the Cypriot economy.
The Company will release an analytical statement of its results in the indicative results for 2012.
Friday, 25 November, 2011 - 11:50