Inactive Instrument

C.C.C. Tourist Enterprises

Equities

CCCT

CY0001701511

CCC Tourist Enterprises Public Company Ltd Announces Unaudited Consolidated Earnings Results for the Year Ended December 31, 2015

February 29, 2016 at 02:10 pm EST

CCC Tourist Enterprises Public Company Ltd. announced unaudited consolidated earnings results for the year ended December 31, 2015. For the year, the company announced loss from continuing operations of EUR 42,000 compared to profit from continuing operations of EUR 290,000 for the same period a year ago. Loss for the year after tax was EUR 43,000 compared to EUR 68,000 for the same period a year ago.

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Company Profile

CCC Tourist Enterprises PCL is a Cyprus-based public shareholding company that operates in the tourism industry. The principal activity of the Group is the erection and development of hotels, the carrying on of the business of hoteliers and the development and promotion of tourism and touristic activities, as well as the development of villas for sale. The Company's subsidiary, L Union Nationale (Tourism and Sea Resorts) Limited, is the owner company of hotel complex Le Meridien Limassol Spa & Resort. The hotel complex Le Meridien Limassol Spa & Resort is situated along the coast to the east of the town of Amathunta occupying an area of 91,170 square meters. In January 2014, the Company sold its 50% stake in its wholly-owned subsidiary, LâUnion Nationale (Tourism and Sea Resorts) Ltd, to Emerald Coast Properties Ltd (the Investor).

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