Cyprus#; Orphanides Supermarkets will begin trading 175,000 ordinary shares on the Cyprus Stock Exchange tomorrow [Wednesday].

The company has issued the shares as part of its strategy to buy out all the share capital in Omega. The new shares will increase Orphanides#; listed share capital on the Stock Exchange to 80,966,225 shares. No further details about the share issue are yet available.

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The company reported consolidated after-tax losses of 4.7m Cyprus pounds (US$7.6m) for 2001, compared to consolidated after-tax profits of 1.5m Cyprus pounds for 2000.

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