IONIAN HOTEL ENT.

FULL YEAR 2012 RESULTS

 

 

 

 

 

Full year 2012 results

 

In 2012, the Company posted losses of Euro 4.0 million compared to losses of Euro 2.2 million last year. Earnings before interest, tax, depreciation and amortisation (EBITDA) reached Euro 1.4 million compared to Euro 2.7 million, while turnover was Euro 23.4 million from Euro 30.5 million last year.

 

The Board of Directors will propose to the Annual General Meeting of Shareholders not to distribute a dividend for the financial year 2012.

 

 

 

                                                                Athens, March 7, 2013