Salamis Tours (Holdings) Public Limited announced interim management statement for the first quarter of 2016. During the first quarter, the Group has registered profits. These profits are, however, decreased compared to the corresponding period of last year. The Group's turnover increased by 16% compared to 2015. The sectors of shipping and transport increased by 11% and 21% respectively while an increase of 11% was also recorded in the tourism sector. The variation in the Group's results is mainly due to the following: decreased profitability in the shipping sector due to increased operating costs and depreciation; loss from unrealised exchange differences from the conversion of balances in US dollars into the operating currency which is the euro, as against a profit in the corresponding period of last year; the corresponding period of 2015 includes profits from the sale of an asset.

The company provided earnings guidance for the first half of 2016. As regards prospects for the current year, considering the development of the Group's operations to date, it is expected that the results for the first half will be decreased compared to the corresponding period of 2015.