For the period 01/03/2007-31/03/2007 all financial figures of the group presented a considerable positive increase.
The mother company revenues (according to IFRS) amounted euros 7.861 thousands versus 6.336 thousands of previous year 2006, representing an increase of 24,1 %.
The profit before taxes, interests and depreciation (EBIDTA) amounted euros 1.783 thousands versus euros 1.094 thousands of previous year 2006, representing an increase of 63,0 %. The profit before taxes amounted euros 708 thousands versus euros 113 thousands of previous year 2006 representing an increase of 526,5 % .
The hotel's Grand Bretagne occupancy for 2007 has been considerably increased versus 2006 by 14,6%. The average room rate was increased by 9,0% and it is significantly higher than all other similar Athens hotels.
As has been previously announced, from 6/6/2006 the company occupies the 51% of the hotel Hyatt of Belgrade. At group level, taking into consideration that the results of the hotel Hyatt of Belgrade has been consolidated, the financial results are:
The revenues amounted euros 12.210 thousands, EBIDTA amounted euros 3.693 thousands and the profit before taxes amounted euros 967 thousands. These figures compared to the results of the mother company for the year 2006 present an increase of 92,9% for the revenues, 755,8 % for the profit before taxes and 237,6% for EBIDTA.