Press release for the period 1/1/2007-30/06/2007 all financial figures of the group presented a considerable positive increase.
The mother company revenues ( according to IFRS ) amounted euros 18.710 thousands versus 15.779 thousands of previous period 2006, representing an increase of 18,6%.
The profit before taxes, interests and depreciation (EBIDTA) amounted euros 5.837 thousands versus euros 4.583 thousands of previous year 2005 , representing an increase of 27,4% .
The profit before taxes amounted euros 3.238 thousands versus euros 2.609 thousands of previous year 2006 representing an increase of 24,1% .
The hotel's "Grand Bretagne" occupancy increased 5,9% versus 2006. The average room rate was considerably increased 8,1% versus 2006 and it is significantly higher than all other similar Athens hotels.
At group level, taking into consideration that the results of the hotel Hyatt of Belgrade are consolidated , from 6/6/2006 the company occupies the 51% , the financial results are:
The revenues amounted euros 28.216 thousands, EBIDTA amounted euros 9.648 thousands and the profit before taxes amounted euros 5.171 thousands. These figures compared to the results of the mother company for the year 2006 present an increase of 61,1% for the revenues,135,7% for the profit before taxes and 99,9 % for EBIDTA.