Louis sells Aegean Queen

Leisure services provider Louis Plc said that it sold its cruise ship “m/v Aegean Queen” to an unspecified company abroad.

“The sale has resulted in an accounting profit of €856,000,” Louis said in a statement on the website of the Cyprus Stock Exchange on Monday.

The company, which twelve days ago announced that it resumed 100 per cent ownership of its subsidiary Celestyal Cruises Ltd following the completion of a loan restructuring agreement with its lenders, saw last year its after tax profit increase to €11.5m from €7.7m in 2016, partly on a €4.5m increase in the group’s turnover.

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.