ΙΟΝΙΚΗ ΞΕΝΟΔΟΧΕΙΑΚΗ Α.Ε.
PRESS RELEASE
FULL YEAR 2008 RESULTS - IONIAN HOTEL ENTERPRISES
In 2008,net profit after tax amounted to Euro 8.2 million compared to Euro 3.4 million last year. Earnings before interest, tax, depreciation and amortisation (EBITDA) reached Euro 11.4 million compared to Euro 13.1 million, while turnover rose to Euro 42.6 million from Euro 41.3 million last year, on a pro-forma basis.
The company will not distribute dividend due to losses in previous fiscal years.
The financial statements for the year 2008 will be published in the press and dispatched to the Athens Exchange at the closing of the trading session on Friday 20th of February 2009.
In 2008,net profit after tax amounted to Euro 8.2 million compared to Euro 3.4 million last year. Earnings before interest, tax, depreciation and amortisation (EBITDA) reached Euro 11.4 million compared to Euro 13.1 million, while turnover rose to Euro 42.6 million from Euro 41.3 million last year, on a pro-forma basis.
The company will not distribute dividend due to losses in previous fiscal years.
The financial statements for the year 2008 will be published in the press and dispatched to the Athens Exchange at the closing of the trading session on Friday 20th of February 2009.