The Turnover and the Operating Profit from usual/existing operations have increased considerably in the 1st half of 2022, compared to the corresponding period of 2021, mainly due to the expansion of the range of available products in the distribution sector. Profitability, excluding the results of the associated company Demetra Holdings Plc ("Demetra"), is expected to be significantly improved, mainly due to the increase in the Turnover.
No safe estimates on the final Profitability after Taxation can be provided, due to the unavailability of all necessary information in relation to the expected results of Demetra, further to the unavailability of all necessary information on the respective expected results of Hellenic Bank for purposes of their inclusion in Demetra's results. The company will make announcements in due course, once all necessary information is available.
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Adaminco Secretarial Limited
Secretary of Logicom PublicLimited
Regulated
Filing Date: 30/06/2022 09:14
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Logicom Public Ltd. published this content on 30 June 2022 and is solely responsible for the information contained therein. Distributed by Public, unedited and unaltered, on 30 June 2022 06:21:04 UTC.
Logicom Public Ltd is a Cyprus-based company engaged in the distribution of computer components and peripherals, and the provision of integrated information technology (IT), networking, telecommunication and business software solutions. Its product portfolio is comprised of a range of international brands, such as Intel, Cisco Systems, Microsoft, HP, Linksys, Seagate and Sony. As of January 1, 2009, the Company merged the operations of its subsidiaries, eNet Solutions Ltd and DAP Noesis Business Solutions Ltd, and renamed the merged entity to Logicom Solutions Ltd as from January 30, 2009. Through Logicom Solutions Ltd, it provides Systems Integration Services, such as IT and infrastructure solutions; Consulting Services, such as IT design and business consulting; Software Development Services, and Post-Implementation Services, such as support and training. Its international distribution network includes Greece, Malta, Saudi Arabia, Jordan, United Arab Emirates, Romania, among others.
