On 10 March IHG Holdings plc published its Interim Directors’ Statement covering the period since the end of the previous financial year on 31 October 2010 to date. The Directors explained that the Group is still facing the same challenging path experienced during the last financial year. In the meantime the management of the Group continues to closely monitor the economic climate in its core markets and the developments surrounding the political instability in North Africa.
In conclusion, the Directors stated that due to the constantly changing and volatile nature of the current situation, it is difficult to predict any specific effect on the Group’s business. Nonetheless, management remains committed to develop and improve turnover and to focus on the efficiency of the business.