Cyprus Trading Corporation Plc reported unaudited consolidated earnings results for the year ended December 31, 2015. For the year, the company reported turnover of EUR 290.584 million against EUR 303.064 million a year ago. Unrealised loss without any cash outflow, arising from the revaluation of investments and other properties and impairment of goodwill on investments was EUR 26.214 million against EUR 5.000 million a year ago.

Loss for the group after tax attributable to shareholders was EUR 33.550 million against profit for the group after tax attributable to shareholders of EUR 32.515 million a year ago. Basic and fully diluted losses per share with nominal value 0.85 was 35.98 sen against basic and fully diluted earnings per share with nominal value 0.85 of 35.33 sen a year ago. The decrease in turnover is mainly attributed to the fact that there was no rebound in the retail sector and to the ending of the cooperation with Unilever Hellas in the fast moving consumer goods sector, as Unilever since September 2014, imports and distributes its goods in Cyprus with own resources.