A significant growth recorded the financial figures of Kiriacoulis Mediterranean Cruises Shipping SA in 2001, as compared to the corresponding figures in 2000. More precisely, the company’s profit before taxes increased by 13%, amounting to 1.797.350,28 euro from 1.591.191,47 euro in 2000. The company’s turnover (net sales) increased by 13,7%, amounting to 4.109.997,66 euro from 3.615.526,49 euro in 2000. The shareholders’ equity increased by 5,2% reaching 21.729.361,20 euro from 20.665.463,25 euro in the fiscal year 2000.It should be pointed out that the company’s profitability derives from its core business and not from financial transactions.
The Board of Directors of Kiriacoulis Mediterranean Cruises Shipping SA, will propose to the Annual General Meeting of the company’s shareholders the distribution of a 0,047 euro dividend per share, increased by 14,6% as compared to that distributed last year.
A considerable growth recorded the financial figures of Kiriacoulis Group as well. The turnover (net sales) increased by 27,9% amounting to 10.799.573,55 euro from 8.442.500,07 euro in 2000. The profit before taxes increased by 6% amounting to 1.802.384,40 euro. An increase of 3,4% posted the shareholders’ capital of Kiriacoulis Group reaching 21.950.265,62 euro from 21.223.381,58 euro.
The company’s management expects that in the current fiscal year the financial results of both Kiriacoulis Mediterranean Cruises Shipping SA and the Group of Companies will increase. For this season, due to the significant demand, the Group has ordered and it is already taking delivery of 102 new yachts. It is noted that, taking into account the new yachts, the total number of yachts that the Group manages will amount to 330. Moreover, the company participates in the competition for the privatization of the marinas of Alimos, Flisvos, and Zeas, while at the same time it is at the head of a powerful joint venture which contests the largest marina of Cyprus, in Larnaka.
Athens, March 7th, 2002
