Final results2 May 2017 08:39
looked pretty solid. Finance costs at 13 million per annum dragged them into the red. The cost of expanding so quickly without seeing the benefit of revenues from that expansion for a few years.
Pipeline looks okay. The mature hotels in the middle east aren't generating the same level of income per room which is a shame.
I'm guessing revenues of circa 65 million this year, but probably another loss on the cards.
Good news on the dividend though. Not so good is just 4 million cash in the bank.