K. Kythreotis Holdings Public Ltd. reported consolidated interim management statement results for the first quarter ended March 31, 2016. For the period, the company reported turnover of €2,698,000 compared to €1,293,000 a year ago. Profit after taxation was €38,000 or 0.1 cents per share compared to loss after taxation of €321,000 or 0.9 cents per share a year ago. The turnover increased by 108.7%. An increase has been recorded in all sectors of activity; in the sector of road construction due to a specific project and in the sectors of quarrying and ready-mix concrete due to increased demand. Profit after tax is the result of an increase in the turnover, as well as of the inelasticity of a significant part of the direct and indirect expenses in all sectors of activity of the Group.

Based on the indications and prospects to date in the construction sector, the Group's operating results in the current year 2016 are expected to be improved compared to 2015 as a result of improved conditions in the sectors of quarrying and ready-mix concrete.