Island Hotels Group Holdings plc have reported a record €8.8 million earnings before interest, taxation and amortisation for the financial year which ended last October – a 46 per cent increase over 2013.

The group’s turnover increased by 19 per cent, to €36.6 million. Net profit reached €2.7 million from €555,000 in 2013 and shareholders’ funds increased to €40.3 million.

The group’s entire shareholding is to be sold to International Hotel Investments plc in a deal expected to be finalised later this year.

Sign up to our free newsletters

Get the best updates straight to your inbox:
Please select at least one mailing list.

You can unsubscribe at any time by clicking the link in the footer of our emails. We use Mailchimp as our marketing platform. By subscribing, you acknowledge that your information will be transferred to Mailchimp for processing.