Stademos Hotels Plc reported group interim management statement for the period from January 01, 2011 to May 25, 2012. For the period, the group's turnover fell 15.5% in the first 4 months of the year. This drop is mostly attributable to the lower overnight stays from the British and German markets, which could not be covered by the increase from the Russian market. The operating expenses fluctuate at the same level as last year except for the energy cost, which continues to increase despite lower consumption. The gross operating loss has recorded an increase compared to 2011. The finance cost is slightly increased during the period due to the interest rate increase, while depreciations have dropped.