Press release 12/06/2008
Financial results of 2008 first three months
Astir Palace Vouliagmeni S.A. announces highlights of its 2008 three month results as follows:Total revenues of € 2.499 thousand ,represent an increase of 7% period on period Vs €2.337 thousand in 2007.This evolution is driven by the increase of revenues per available rooms and average daily rate by 10.1% and 11.3% respectively. The relevant ratios have been computed based on the availability of hotels rooms of « Arion Resort and SPA» and « The Westin Athens».
EBITDA results stood at loss of € 2.201 thousand Vs loss of € 1.870 thousand in 2007whilst net earnings for the period stood at loss of € 3.875 thousand against loss of € 3.329 thousand in the first three months of 2007.
THE BOARD OF DIRECTORS
