A. Tsokkos Hotels Public LTD. provided earnings guidance for the nine months of 2014. For the period, the company expects the results to be lower than those of the corresponding period of 2013. This attributable to the unrealized foreign exchange loss at the end of the first nine months of 2014 compared to unrealized foreign exchange profit in the corresponding period last year.

The unrealized loss has offset the improvement in the results from operations. The improvement in the operating results is mainly attributable to the commencement of operations of new hotel King Evelthon Beach Hotel and Resort in Paphos from April 20, 2014.