International Hotel Investments plc – Half-Yearly Report

International Hotel Investments plc – Half-Yearly Report

International Hotel Investments plc announced that the Board of Directors has approved the Group Half-Yearly Financial Report for the period ended 30th June 2008.

The Group registered a turnover of EUR 64.3 million for the six months period to 30 June 2008, 65% higher on the turnover levels for the corresponding period in 2007. This increase was attributed to the fact that the results of both the Corinthia Bab Africa Hotel and Commercial Centre in Tripoli, whilst the Corinthia Hotel Prague has now been included for the full six month period, whereas in the comparative period they were only included for the month of June being the month following acquisition. During the period, the Group registered a profit before tax of EUR 6.01 million, compared to a loss before tax of EUR 1.63 million in 2007. The Group Half-Hearly Financial Report can be viewed from the below link.

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