Woolworth (Cyprus) Properties Plc announced earnings results for the year 2016. The overall results of the group were positively affected by profits, due to increase in property values of the group, which amounted to EUR 7,333,000 compared with losses of EUR 26,890,000 in 2015. The net profits for the year 2016 amounted to EUR 4,884,000, showing a significant improvement compared to a net loss of EUR 26,289,000 in 2015.