Constantinou Bros Hotels, a hotel management company that owns and operates a group of luxury hotels in Cyprus, on Tuesday issued an interim profits forewarning for the first half of 2025.

After examining the financial results for the first six months of 2025, the company’s board of directors announced that the results are expected to be slightly better compared to those of 2024.

This announcement was made in accordance with the rules and regulations of the Cyprus Stock Exchange (CSE) and the Cyprus Securities and Exchange Commission (CySEC).

The board of directors stated that this update aims to fully inform shareholders and the investing public based on the economic data available so far.

Moreover, despite the modest improvement expected in the interim results, the board and the company’s management remain cautious about the full-year outlook.

“The board of directors and the management, taking into account the general political and economic instability that prevails in Cyprus, estimates that it is not possible to safely predict expected results for the year 2025,” the company stated.

It added that “it is expected that the occupancy of the hotels will fluctuate at the same levels as those of the year 2024″.