A €4.1 million profit before interest, tax and depreciation was announced by the Eden Leisure Group for the year ending 2009 on turnover of €19.3 million.

Group managing director Ian De Cesare said:

“The entertainment segment of the group contributed over 50 per cent to the profit.

“The Eden Cinemas registered a significant increase in box office revenue and admissions, primarily due to successful film product in the last quarter of the year.

“The improvement continued for the first quarter this year with a 50 per cent profit increase year on year.”

The Eden SuperBowl and Eden Car Park also registered improvements in both revenue and GOP and continued their positive upward trend in this year’s first quarter.

InterContinental Malta increased the number of guest nights over 2008 by 10 per cent.

The group was this year forecasting a 50 per cent growth in profit from the hotel arm.

Businesses on the books to date were positively indicating that targets would be reached.

Confirmed conference business to date is showing an increase of over 400 per cent over last year, Mr De Cesare said.

He said that while the hotel was expected to show a significant improvement in the next two to three years to get back in line with the record figures of 2007, the entertainment segment was forecast to remain stable with steady growth in profits in the coming years.