Insider Business Frou-Frou invests in world’s largest companies

Frou-Frou invests in world’s largest companies

Frou-Frou biscuits and snack food are a trademark both in Cyprus and abroad but in addition to their manufacture and distribution the Group is also active in investing in some of the western world’s largest public companies.

An indication is the Group’s overall investments by end of 2018 which amounted to €14.2 million and mainly concerned shares of companies listed on international stock exchanges.

Among Blue Chip owned by the company are: Microsoft, Apple, BMW, Walt Disney, DAIMLER, McDonalds and Coca Cola. As for Cypriot public companies, the Group has shares in Vasiliko Cement Works, Louis, Atlantic Insurance etc.

The Alkis H. Hadjikyriacos Group seems to follow quite a prudent policy considering that overall investments rose by €1.5 million in 2018 alone. In terms of performance, the Group got dividends in 2018 in the order of €636 thousand, compared to 2017 when these were in the order of €474 thousand.

In 2018, the Group’s greatest dividends came from Vasilikos Cement Works, Atlantic Insurance and Petrolina. Smaller dividends came from international giants such as AT&T, Dr. Pepper and Daimler. In addition, the Group has invested a total of €676 thousand in gold.

On the operational level, its annual report showed that the Group recorded revenues of €24.4 million and profits of €1.7 million in 2018 – the year that Frou-Frou plant’s expansion also began.

The expansion is necessary for the relocation of manufacturing works currently carried out at Bakandy’s plant, one of the Group’s subsidiaries. The goal is to concentrate all industrial activities at one site for better control and smoother logistics.

At the same time, the expansion will allow the Group to proceed to the second phase of photovoltaic installation with the ultimate goal to achieve 100% energy self-sufficiency.

Read more:

Top Stories

House help jailed for striking elderly woman

  Nicosia district court jailed sentenced a 36 year old female domestic help for nine months after finding her guilty of repeatedly striking her 80...

Police book 529 traffic violations, confiscate six cars

  Police booked 529 traffic violations yesterday -- 205 for speeding and 21 for drunk driving - and also impounded six cars and two motorbikes. In...

House approves subsidy scheme for very small businesses

  MPs have unanimously approved a supplementary budgetary bill of €220 million that covers Labour Ministry programmes to support employment as well as a new...

British PM offers to accept EU tariffs on some goods to win trade deal

  British Prime Minister Boris Johnson is willing to accept European Union tariffs on some UK goods in an attempt to win a trade deal...

Irregular migrants cross from occupied areas

  Police have picked up more than 30 irregular migrants who crossed from the Turkish occupied areas, the Cyprus News Agency reports. It said that six...


Poulles (Υoung kolokassi)

Either you thrash the coriander seeds in a mortar, without making them into dust, or you gradually crush them in a blender. Remove the edges...

Pork cooked in wine

Crush the coriander seeds in a pestle and mortar or pulse-blend in a blender, taking care not to over-grind. Put the meat in bowl (not...

Lefkaritikos tavas – O ‘protinos’

Wash and dry the meat and rice separately. In a ‘tava’ (oven proof deep clay pot) first put a layer of five-six pieces of meat...

Local cuisine: An introduction

Rich in fresh ingredients and tasty herbs, offers the very best of Mediterranean culinary delights. Head out to a tavern and feast on a...