KEO’s posts €1m in Q1 pre-tax loss

KEO Plc Ltd, Cyprus’s flagship in the alcoholic and non-alcoholic beverage industry, said that it generated a €1m pre-tax loss in the first three months of 2016 compared to a €1.2m loss in the respective three-month period of 2015.

The company’s improved performance resulted mainly from an 11 per cent annual increase in turnover in the first quarter attributed to increased domestic consumption and increased tourist arrivals, KEO said in a statement on the website of the Cyprus Stock Exchange without providing further details.

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.