Island Hotels Group Holdings plc - Interim Directors’ Statement

Thursday, September 12th, 2013

On 12 September Island Hotels Group Holdings plc issued its Interim Directors’ Statement explaining that, barring any unforeseen events in the last two months of the Group’s financial year (September and October), its aggregate operating profits will be marginally better than those registered last year when the Group registered an operating profit of €1.9 million. Nonetheless, this operational profit was offset by the interest charges and taxes which led to a net loss of almost €1 million.

The announcement also reiterated that the Group continues to seek a fresh equity injection so as to finance new projects, namely the development of the Oasis project (ex-Hal Ferh).

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