World, As Seen from the most beautiful islands: Ireland and Cyprus

Accsys performs well, seems to be less affected by crisis


In the first six months of its broken accounting year, Accsys has a slightly lower turnover than in the same period a year earlier. However, the profit margin of the company was higher between March and September, which resulted in a pre-tax profit. In addition, Accsys significantly reduced its indebtedness over the period.

The sales of Accsys, wood that has been processed by chemical means to make it sustainable, still accounts for the lion’s share of Accsys sales. Those sales fell by six percent. The total turnover fell slightly less, with 3% to 42.9 million euros. The higher profit margin left a profit before tax of EUR 1 million, with a loss of EUR 1.6 million last year.

The British company quoted on the Stock Exchange in Amsterdam also paid off EUR 8.9 million of its debt. It stood at EUR 16.3 million at the end of September. The construction of a factory for Tricoya Wood is on schedule, as is the extension of the existing Accoya plant.

Written by: Liam O'Reilly

Liam O'Reilly is the founder of the publication, a former analyst at a major reputation agency in the UK, who chose Cyprus as his home.

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World, As Seen from the most beautiful islands: Ireland and Cyprus

From Trinity st. to Limassol, Cyprus

Ireland and Cyprus have one thing in common. The most beautiful islands are divided. Even proportions are strikingly similar. Both nations strive for unity and a good glass of the news. More about us under the link.

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