Lordos Hotels (Holdings) Public LTD

Earnings Release • Feb 24, 2016

Indicative Results for the year ended 31 December 2015

At its meeting of yesterday, the Board of Directors of the Company examined the preliminary results for the year ended 31 December 2015 and announces the following Indicative Results.

Α. The unaudited Consolidated Statement of Profit and Loss and Other Comprehensive Income for the year ended 31 December 2015 is as follows:

	Unaudited 2015 €	Audited 2014 €
Turnover	10.442.186	10.061.216
Cost of sales	(5.683.561)	(5.423.456)
Gross profit	4.758.625	4.637.760
Other income	2.000	22.641
Selling expenses	(354.141)	(364.143)
Administrative expenses	(2.176.609)	(2.188.380)
Other operating expenses	(1.241.184)	(1.080.574)
Finance cost	(235.092)	(293.582)
Amortization of loans receivable	10.029	51.900
Share in the results of associated company	8.373	(11.233)
Loss from investments	(10.773)	(5)
Results before taxation	761.228	774.384
Taxation	(167.296)	(143.005)
Net profit for the year	593.932	631.379
Other comprehensive income Amounts not to be recognized in the profit or loss in future periods:
Adjustment at fair value of land and buildings	-	1.441.325
Deferred taxation at revaluation of immovable property	(22.508)	157.913
Other comprehensive income for the year	(22.508)	1.599.238
Comprehensive income for the year	571.424	2.230.617
The distribution of net profit for the year is as follows:
Shareholders of parent company	559.163	583.109
Minority interest	34.769	48.270
	593.932	631.379
The distribution of comprehensive income is as follows:
Shareholders of parent company	540.360	1.962.186
Minority interest	31.064	268.431
	571.424	2.230.617
Net profit per share attributable to shareholders of parent company (cents)	1.60	1.67
Comprehensive income per share attributable to shareholders of parent company (cents)	1.54	5.60