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May 22, 2015 6:42 PM ET

Multiline Retail

Company Overview of N K Shacolas (Holdings) Ltd.

Company Overview

N K Shacolas (Holdings) Ltd. operates in retail, distribution and logistics, automotive, telecommunications, real estate and commercial development, and infrastructure industries. It operates department stores, standalone stores, franchise stores, convenience stores, restaurants, coffee shops, and bars in Cyprus and Greece. The company also engages in distribution and logistics of fast moving consumer goods, luxury cosmetics, and fragrances; sale of saloon cars, SUVs and off-roaders, commercial vehicles, heavy machinery, and spare parts; imports and distributes tobacco products; and property development and management of retail outlets, shopping malls, golf courses, cinema halls, resorts, an...

Shacolas House

P.O.Box 21744

Nicosia,  1589


Founded in 1953


357 2 2740000


357 2 2482847

Key Executives for N K Shacolas (Holdings) Ltd.

Executive Chairman
Compensation as of Fiscal Year 2014.

N K Shacolas (Holdings) Ltd. Key Developments

Shacolas Group Reports Unaudited Consolidated Earnings Results for the First Quarter Ended March 31, 2013

Shacolas Group reported unaudited consolidated earnings results for the first quarter ended March 31, 2013. For the quarter, the company reported turnover of EUR 71.699 million compared to EUR 85.627 million a year ago. Net profit was EUR 9.060 million compared to net loss of EUR 4.988 million a year ago. Net profit attributable to the shareholders of the company was EUR 3.353 million compared to net loss attributable to the shareholders of the company of EUR 3.350 million a year ago. Basic and fully diluted earnings per share were 3.64 cents compared to basic and diluted loss per share of 3.64 cents a year ago. The decrease in turnover is emanating mainly from the retail and vehicles sectors which are affected the most from the continuing economic crisis.

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