Stademos Hotels Plc Announces Consolidated Earnings Results for the Year Ended December 31, 2016
Stademos Hotels Plc announced consolidated earnings results for the year ended December 31, 2016. For the year, the company's turnover was EUR 30,700,562 against EUR 28,801,546 a year ago. Operating profit was EUR 9,143,673 against EUR 8,484,818 a year ago. Profit for the year before taxation was EUR 7,004,981 against EUR 5,804,437 a year ago. Profit for the year after taxation was EUR 6,050,896 against EUR 2,533,439 a year ago. Earnings per share were 15.52 cents against 16.09 cents a year ago. Net inflow of cash from operations was EUR 12,176,691 against EUR 10,778,206 a year ago. Purchase of property, plant and equipment was EUR 10,816,503 against EUR 3,276,567 a year ago.