The financial results of “Kiriacoulis Mediterranean Cruises Shipping S.A.” are expected to demonstrate significant growth this year, keeping up the last years’ upward trend. This is what the President and Managing Director of “Kiriacoulis Mediterranean Cruises Shipping S.A.” Mr. Theofanis Kiriacoulis mentioned among other things during the Annual General Meeting of the company’s shareholders.
The company’s profit before taxes increased by 13%, amounting to 1.797.350,28 euro in 2001 from 1.591.191,47 euro in 2000. The company’s turnover (net sales) increased by 13,7% reaching 4.109.997,66 euro in 2001 from 3.615.526,49 euro in 2000. As Mr. Kiriacoulis mentioned, the growth in the company’s profitability, as it is evidenced by the first quarter results, will go on this fiscal year as well. Already, in the first quarter of the year the company’s profit before taxes soared by 36,9% and the turnover (net sales) by 82,6% as compared to the corresponding figures of the same period last year.
The Annual General Meeting of the company’s shareholders approved the proposal of the board of directors of Kiriacoulis Mediterranean Cruises Shipping S.A. for the distribution of a 0,047 euro dividend per share, increased by 14,6% as compared to the dividend distributed last year. Entitled to receive dividend are all the company’s shareholders on June 27th, 2002 (at the close of the trading session of A.S.E.). The payment of the dividend will begin on August 5th, 2002.
Furthermore, a new director was added to the company’s board of directors, the composition of which was approved by the Annual General Meeting of the shareholders, which is the assistant professor of the Department of Economics of the University of Piraeus, Mr. Ch. Agiacloglou.
Kiriacoulis Mediterranean Cruises Shipping S.A., having international experience in matters of sea tourism, participates in a powerful joint venture with the objective to undertake the construction and the management of the marinas of Flisvos, Zea and Alimos.
Athens June 27th, 2002
