Stademos Hotels plc Announces Unaudited Consolidated Earnings Results for the Half Year Ended June 30, 2016
Stademos Hotels Plc announced unaudited consolidated earnings results for the half year ended June 30, 2016. For the period, the company's turnover was EUR 12,390,734 against EUR 10,569,258 a year ago. Operating profit was EUR 2,146,764 against EUR 1,369,102 a year ago. Profit before taxation was EUR 982,042 against EUR 206,537 a year ago. Profit for the period after taxation was EUR 824,568 against EUR 136,628 a year ago. Earnings per share were 2.11 cents against 0.42 cents a year ago. Net cash flow from operations was EUR 3,793,902 compared to EUR 1,546,170 a year ago. Additions of immovable property, plant and equipment were EUR 5,041,245 compared to EUR 366,236 a year ago.