IONIAN HOTEL ENT.

Nine-Month 2007 Results

For the nine-month period to September 2007, the company posted profits of Euro 3.72 million compared to Euro 1.14 million last year. Earnings before interest, tax, depreciation and amortisation (EBITDA) reached Euro 14.4 million compared to Euro 9.4 million, while turnover rose to Euro 37.7 million from Euro 36.7 million last year.