Kerverus Holding IT (Cyprus) Plc announced that the Annual General Meeting on April 23, 2014 a dividend in respect of 2013 of 1 cent per share amounting to a total dividend of €18.100 is to be proposed. These financial statements do not reflect this dividend payable, which will be accounted for in shareholders' equity as an appropriation of retained earnings in the year ending December 31, 2014. Dividends are subject to a deduction of special contribution for defence at 20% for the tax years 2012 and 2013 and 17% for 2014 and thereafter for individual shareholders that are residents of Cyprus.

The company announced audited consolidated and parent earnings results for the year ended December 31, 2013. For the period, on consolidated basis, the company reported revenue of €206,780 compared to €150,460 a year ago. Operating profit was €59,902 compared to €70,507 a year ago. Profit before tax was €59,223 compared to €70,026 a year ago. Net profit for the year was €61,407 compared to €66,589 a year ago. Net cash flows used in operating activities was €3,920 compared to €50,419 a year ago.

For the period, on parent basis, the company reported operating profit of €80,670 compared to €40,545 a year ago. Profit before tax was €80,398 compared to €40,310 a year ago. Net profit for the year was €80,361 compared to €40,296 a year ago. Net cash flows used in operating activities was €31,411 compared to €48,698 a year ago.