IONIAN HOTEL ENT.

Nine-month 2006 results

The company posted net after-tax profits of Euro 1.1 million for the nine-month period ending 30.9.2006 compared with losses of Euro 53 thousand last year. Earnings before interest, tax, depreciation and amortisation (EBITDA) reached Euro 8.2 million, compared with Euro 7.0 million posting an increase of 17.4%, while turnover rose to Euro 29.8 million from Euro 26.5 million last year, increasing by 12.5%.