C.T.O. Public Company Ltd. reported indicative unaudited consolidated earnings results for the year ended December 31, 2016. The company reported income of EUR 2,641,380, loss from operations of EUR 1,078,986, loss before taxation of EUR 1,178,719, loss for the year of EUR 1,178,719 against income of EUR 3,529,918, loss from operations of EUR 3,237,613, loss before taxation of EUR 3,491,796, loss for the year of EUR 3,348,894 a year ago. The turnover of the Company continues the reduction of the previous years due to the economic recession and the economic crisis in Cyprus and abroad and due to the uncertainty and the problems in the countries where the company and clients are traded.