IONIAN HOTEL ENT.
First quarter 2011 results
In the first quarter of 2011, the company posted losses of Euro 0.4 million compared to losses of Euro 0.1 million last year. Earnings before interest, tax, depreciation and amortisation (EBITDA) reached Euro 0.9 million compared to Euro 1.3 million, while turnover was Euro 7.0 million from Euro 7.4 million last year.