Cyprus Mail
Business

KEO expects 2015 profitability to improve

File photo

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.

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