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Phil. Andreou: Profit Warning for six-month results 2009

We would like to inform you that, based on the developments in the operations of Phil. Andreou Public Ltd Group, the financial results for the six month period ending 30 June 2009 are expected to be lower than the results for the corresponding period of 2008. The financial results will be finalised on completion of all period closing procedures.

This is mainly due to a reduction in the turnover of display stands and shelving units, as a result of the international slowdown and an increase in the holding company’s expenses attributable to the financing of the new investment in the manufacturing of steel structures for housing units, which is currently being rolled out.

We are at your disposal for any clarification or explanations needed.
Wednesday, 19 August, 2009 - 10:05