International Hotel Investments plc – Approval of Financial Statements
International Hotel Investments plc approved the financial statements for the year ended December 31, 2020.
Statement of profit or loss
Revenue
| 2019 | 2020 |
| €268.3 million | €91.9 million |
Profit/loss before tax
| 2019 | 2020 |
| €13.9 millon | -€90.4 million |
Earnings per share
| 2019 | 2020 |
| €0.011 | -€0.100 |
Statement of financial position
Total assets
| 2019 | 2020 |
| €1.69 billion | €1.5 billion |
Total liabilities
| 2019 | 2020 |
| €790 million | €771 million |
Dividends
No dividends were declared for the financial year ended 31 December 2020
Outlook
The Directors have reviewed the Company’s and the Group’s operational and cash flow forecasts. Based on this review, after making enquiries, and in the light of the current financial position, the existing banking facilities and other funding arrangements, the Directors confirm, that they have a reasonable expectation that the Company and the Group have adequate resources to continue in operational existence for the foreseeable future.
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