ΙΟΝΙΚΗ ΞΕΝΟΔΟΧΕΙΑΚΗ Α.Ε.

Full yaer 2011 results

 

FULL YEAR 2011 RESULTS

 

In 2011, the Company posted losses after tax of Euro 2.2 million compared to profits of Euro 1.8 million last year after the one-off tax based on the 2009 profits (Law 3845/2010), therefore a dividend shall not be distributed for the financial year 2011.  

Earnings before interest, tax, depreciation and amortisation (EBITDA) reached Euro 2.7 million compared to Euro 6.5 million, while turnover was Euro 30.5 million from Euro 31.2 million last year.

 

 

                                                                       Athens, March 14, 2012