International Hotel Investments plc – Financial Statements for 2015 and Bonus share issue

International Hotel Investments plc issued the following Company Announcement:

The Board of Directors of International Hotel Investments p.l.c. has approved the financial statements for the year ended 31st December 2015. 

The IHI Group registered a year-on-year increase of €10 million in its consolidated EBITDA earnings, being operating profits before interest and depreciation, reported through its wholly-owned subsidiary companies and its associated companies. Total assets, at €1.16 billion as at the end of 2015, are 15 per cent higher than the corresponding figure the year before. 

The Company has approved a 3 per cent bonus share issue in favour of the shareholders appearing on the register of members of the Company on the Official List of the Malta Stock Exchange as at close of business on 30th June 2016. 

The bonus share distribution is to be made out of capital reserves of the Company. The bonus shares are to be issued to all eligible shareholders and further information on the bonus issue will be made available at the opportune time. 

To view the official Company Announcement, click here.