The directors of Bright Mix Holdings Limited held a Board Meeting at the Company’s physical premises in Cyprus on the 1st of July 2019. The General Directors of the company’s subsidiaries, SDM Center and Sokol were invited to attend the meeting. During the proceedings, a presentation of the results of the businesses activities and performance of the Subsidiaries for the year ended 2018 was given. The directors approved the results and thanked the General Directors for their presence and for achieving the good results via effective business development and controlling the expenses.
The Board also discussed the Company’s Management Accounts for the period from 1st of January 2019 to 31st of March 2019 and concluded that the results for the period, the investment position, income, and expenses were satisfactory. The directors also reviewed the report detailing the actual vs. budgeted figures for the period and proceeded to approve the expense budget for the remainder of the year without any significant adjustments.
Finally, the Board was informed by the Company’s accountants that that the statutory audit for the year ended 31 December 2018 will be commencing during the ensuing month and that it is expected to be completed before the end of the year. The Directors noted that an additional Board Meeting will be held before the year end.