21/01/2010 10:24
Karyes announced profits in 2009 due to the positive performance of the Cyprus Stock Exchange (+45%) and the Athens Stock Exchange (+22.9%) against losses last year. According to its announcement, the company saw the positive course of the markets and increased its investments in the CSE and the ASE from 15% to 50% of its total assets, enjoying profits of €45.2 thousand against losses of €226.1 thousand in 2008. The EPS stood at 2.26 cents compared to a loss of 11.31 cents per share in 2008.
The profit from sale and revaluation of investments assessed in fair value reached €53.5 thousand compared to losses of €234.7 thousand in 2008. The dividends receivable increased to €18.7 thousand from €5.5 thousand in 2008. On the other hand, the income from interests receivable fell to €16.9 thousand from €52.2 thousand in 2008.
Its operating expenses stood at €36 thousand from €44.3 thousand in 2008.
The net asset value before the dividend recorded an increase of 5.02% to 47.43 cents from 45.16 cents on December 31, 2008.
On December 18, 2009, the Board of Directors approved the payment of an interim dividend of €0.04 per share from the profits of 2007, which was paid on January 20, 2010.
As for the prospects for 2010, they will depend on the investment policy that will be followed and the course of the stock markets.
The profit from sale and revaluation of investments assessed in fair value reached €53.5 thousand compared to losses of €234.7 thousand in 2008. The dividends receivable increased to €18.7 thousand from €5.5 thousand in 2008. On the other hand, the income from interests receivable fell to €16.9 thousand from €52.2 thousand in 2008.
Its operating expenses stood at €36 thousand from €44.3 thousand in 2008.
The net asset value before the dividend recorded an increase of 5.02% to 47.43 cents from 45.16 cents on December 31, 2008.
On December 18, 2009, the Board of Directors approved the payment of an interim dividend of €0.04 per share from the profits of 2007, which was paid on January 20, 2010.
As for the prospects for 2010, they will depend on the investment policy that will be followed and the course of the stock markets.
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