KEDIPES proceeds plunge by 35.6% due to coronavirus pandemic

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KEDIPES proceeds plunge by 35.6% due to...
 © In-Cyprus 2020
Revenue of KEDIPES, the state-owned asset management company plunged by 35.6% in the first quarter of 2020 compared with Q4 of 2019, due to the coronavirus pandemic, while low income is expected to persist until the end of 2020, Lambros Papadopoulos, chairman of KEDIPES’ board of directors has said.

According to KEDIPES’ financial data for Q1 2020, cash inflows amounted to €78 million compared to €121.2 million in the fourth quarter of 2019. Proceeds have been negatively affected by the debt repayment suspension and the suspension of foreclosures, implemented by the...


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KEDIPES proceeds plunge by 35.6% due to coronavirus pandemic


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