IONIAN HOTEL ENT.

FULL YEAR 2007 RESULTS

In 2007, the company posted profits of Euro 3.37 million compared to Euro 1.54 million last year. Earnings before interest, tax, depreciation and amortisation (EBITDA) reached Euro 13.1 million compared to Euro 12.5 million, while turnover rose to Euro 48.7 million.
The company will not distribute dividend due to losses in previous fiscal years.