ΑΣΤΗΡ ΠΑΛΑΣ ΒΟΥΛΙΑΓΜΕΝΗΣ Α.Ξ.Ε.
Financial results for the 1rst nine months of 2008
Astir Palace Vouliagmeni SA announces highlights of its 2008 nine month results as follows:
Total revenues stood at euro 26,095 thousand, an increase of 12.3% year on year, compared to euro 23,247 thousand in 2007.
The above evolution reflects the increase in the average room rate by 7% and the average revenue per available room by 4,62%, in comparison to the same period in 2007.
Operational Q3 results of 2008 stood at euro 1,843 thousand, increased by 15% over last year.
Astir recorded a net loss of euro 8,5 mln for the first 9 months of 2008 compared to a loss of euro 4,2 mln for the respective prior year period. It is noted that net results were negatively affected by the inposition of a new real estate tax which amounted to euro 3,291 thousand, against euro 268 thousand in 2007.
Total revenues stood at euro 26,095 thousand, an increase of 12.3% year on year, compared to euro 23,247 thousand in 2007.
The above evolution reflects the increase in the average room rate by 7% and the average revenue per available room by 4,62%, in comparison to the same period in 2007.
Operational Q3 results of 2008 stood at euro 1,843 thousand, increased by 15% over last year.
Astir recorded a net loss of euro 8,5 mln for the first 9 months of 2008 compared to a loss of euro 4,2 mln for the respective prior year period. It is noted that net results were negatively affected by the inposition of a new real estate tax which amounted to euro 3,291 thousand, against euro 268 thousand in 2007.