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Cyprus's Standard ETC Q3 net profit drops; names new CEO

By Reuters News


Overview

  • Cyprus industrial investment firm's Q3 net profit fell to $2.1 mln from $4.4 mln yr/yr

  • Q3 profit driven by realized and unrealized gains from investment portfolio

  • Company appointed CFO Christos Neokleous as CEO, combining both roles, effective immediately


Outlook

  • Company did not provide specific guidance or outlook for future quarters or full year


Result Drivers

  • PORTFOLIO GAINS - Co said Q3 profit was driven by realized and unrealized gains from its investment portfolio


Company press release:


Key Details

Metric

Beat/Miss

Actual

Consensus Estimate

Q3 Net Income

$2.10 mln


Reuters Recommended Reads

  • Nov 3 - Sweden's Flat Capital Q3 NAV falls as Klarna share decline weighs

  • Nov 2 - Investment manager Pershing Square's Q3 revenue falls

  • Nov 3 - Neostellar Capital Q3 NAV per share falls 6%


For questions concerning the data in this report, contact Estimates.Support@lseg.com. For any other questions or feedback, contact reuters.support@thomsonreuters.com.


(This story was created using Reuters automation and AI based on LSEG and company data. It was checked and edited by a Reuters journalist prior to publication.)

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