KEO expects 2015 profitability to improve

By Stelios Orphanides

Drinks producer KEO Ltd said that it expects improved earnings in 2015 compared to 2014, when it posted a net loss of €1m.

“The expected improvement in financial results is due to an increase in profit from operations as a result of the increase in turnover and the reduction of production costs,” the beer, wine and non-alcoholic producer said in a statement that appeared on the Cyprus Stock Exchange’s website today.

The Cyprus Mail is the only English-language daily newspaper published in Cyprus. It was established in 1945 and today, with its popular and widely-read website, the Cyprus Mail is among the most trusted news sites in Cyprus. The newspaper is not affiliated with any political parties and has always striven to maintain its independence. Over the past 70-plus years, the Cyprus Mail, with a small dedicated team, has covered momentous events in Cyprus’ modern history, chronicling the last gasps of British colonial rule, Cyprus’ truncated independence, the coup and Turkish invasion, and the decades of negotiations to stitch the divided island back together, plus a myriad of scandals, murders, and human interests stories that capture the island and its -people. Observers describe it as politically conservative.