CYPRadar 🇨🇾💰 Constantinou Bros Hotels Forecasts Weaker Interim Profits in H1 2026 Amid Economic Uncertainty
Constantinou Bros Hotels Public Company Ltd has issued a profits warning for the first half of 2026, anticipating a decline in financial performance compared to 2025. The board of directors, after reviewing the latest financial results, indicated that profitability is expected to fall below the previous year's level according to regulatory requirements set by the Cyprus Stock Exchange and Cyprus Market Commission.
The company cited ongoing political and economic instability in Cyprus as a key factor limiting clear visibility on full-year 2026 outcomes. Additionally, hotel occupancy rates for the first six months are projected to be lower than those recorded in 2025, reflecting sustained challenges in the hospitality sector's operating environment.
Constantinou Bros Hotels emphasized its commitment to keeping shareholders and investors fully informed, while highlighting the difficulties in forecasting performance due to the uncertain business climate. The sector’s pressure underscores broader economic concerns impacting Cyprus amid global and local instability.
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