Leptos Calypso Hotels Public Ltd, a member of the Leptos Group, recorded a significant financial turnaround in 2024.
Specifically, the company on Tuesday posted a consolidated net profit of €3.25 million, recovering from a €570,830 loss in 2023.
According to the company’s annual financial statements for the year ended December 31, 2024, the parent company also reported a net profit of €2.32 million, reversing a prior-year loss of €1.15 million.
Despite the return to profitability, the group continued to carry some short-term liabilities, with net current liabilities standing at €11.2 million at group level and €9.9 million for the parent company.
Leptos Calypso Hotels noted that it maintained approved overdraft facilities of €5.78 million (group) and €4.65 million (company) as of the end of the year, with unused balances of €3.44 million and €1.69 million respectively.
The full report, compiled in accordance with IFRS and audited by PwC Cyprus, includes detailed disclosures on credit risk, fair value assessments, and operating expenses.
Leptos Calypso Hotels owns and operates several prominent hotel properties, primarily in the Paphos region, and is part of the wider Leptos Group with diversified interests in real estate and tourism.
