International Hotel Investments plc – Financial Statements for 2016

The Group registered a loss before tax of EUR 6.763 million, compared to a loss of EUR 349 thousand registered in 2015. Revenue for the period under review amounted to EUR157.901 million, a rise of just under 18% from 2016. Loss Per Share remained at EUR 0.01.

The Company also announces its intention to issue a 3 per cent bonus share 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 30 June 2017 (the “Eligible Shareholders”), subject to obtaining the necessary approvals. The bonus share distribution is to be made out of capital reserves of the Company, based on the audited financial statements. The bonus shares are to be allotted to all Eligible Shareholders on a pro rata basis and further information on the bonus share issue will be made available at the opportune time.

To view the official company announcement, click here.