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Harvest Shows Losses

The company Harvest Capital Management Ltd. published its pre-audited preliminary results for the year 2000.

Income totalled CYP 164.166, with deficit from sale of investments equalling CYP 286.322 and losses from reassessment of investments of CYP 1.009.688, exchange difference from conversion of foreign investments CYP 114.878, showing a deficit of CYP 1.410.888. Pre-tax losses were CYP 1.347.917 with after-tax losses of CYP 1.375.987. Losses per share were 9,83 cents.

The company notes that its results were negatively effected by the decline of the CSE index over the said year.

As at 31 December 2000, the company’s ten largest investments were with Phil. Andreou Ltd., Pharmakas Quarries Ltd., Aiantas Investments Ltd., Blue Island Holdings Ltd., Pierides Electrical Ltd., Finikas Ammohostou Investments Ltd., CT Tobacco Ltd., Suphire (Venture Capital) Ltd., Unisuisse Index Linked Account and Suphire Financial Services.
Thursday, 29 March, 2001 - 00:00