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ASTIR PALACE VOULIAGMENI S.A.
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Announcement
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June 12, 2008 Astir Palace Vouliagmeni S.A. announces highlights of its 2008 three month results as follows: Total revenues of euro 2.499 thousand ,represent an increase of 7% period on period Vs euro 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 euro 2.201 thousand Vs loss of euro 1.870 thousand in 2007 whilst net earnings for the period stood at loss of euro 3.875 thousand against loss of euro 3.329 thousand in the first three months of 2007.
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