Renos Hadjioannou Farm Ltd. published its unaudited preliminary results for the year ended 31 December 2001. Consolidated results include those of its subsidiaries Perdios Poultry Farm Ltd. and Elias Georgallis (Poultry Farm) Ltd. The company included in the accounts expenditure related to its efforts for expansion to Greece which could take place in 2002.
Turnover for the year rose to CYP 8.309.523 compared to CYP 6.750.349 the previous year with gross profits also rising to CYP 2.672.731 compared to CYP 1.642.741 in 2000. Pre-tax profits equalled CYP 1.729.871 with net profits for the year rising to CYP 1.341.11 compared to CYP 1.163.122 in 2000. Earnings per share were 1.94 cents on an average number of 69.071.684 shares.
The company underlined that its operations are not effected by events in the US of the 11 September 2001, has minimal dependency on tourism and anticipates increased turnover for 2002.
Turnover for the year rose to CYP 8.309.523 compared to CYP 6.750.349 the previous year with gross profits also rising to CYP 2.672.731 compared to CYP 1.642.741 in 2000. Pre-tax profits equalled CYP 1.729.871 with net profits for the year rising to CYP 1.341.11 compared to CYP 1.163.122 in 2000. Earnings per share were 1.94 cents on an average number of 69.071.684 shares.
The company underlined that its operations are not effected by events in the US of the 11 September 2001, has minimal dependency on tourism and anticipates increased turnover for 2002.
Monday, 4 February, 2002 - 10:06