The Eden Leisure Group has reported profit before interest, tax and depreciation of €4.4million for the year ending 2010, an increase of 10% on 2009. Turnover increased from €19.3 million in 2009 to €20.4 million an increase of 6%.

Ian De Cesare, group managing director, told representatives of financial institutions that The InterContinental Hotel Malta, which is part of the group, made significant improvements over 2009 as tourism figures continued to improve. Increases were registered in both occupancy and room rate. 

The entertainment segment of the Group mix continued to contribute a significant portion of the group profits.

This portfolio of business units experienced a marginal decline in both revenues and GOP from 2009, however, particular improvements were experienced at the Eden Cinemas which saw a significant increase in revenue and GOP on improved film product and the introduction of 3D in the cinema’s 3 largest screens.

"Looking into 2011, the hotel business continues to be positive with the first quarter registering strong results. Conference bookings for 2011 have been very positive over the first two quarters. One must however remain cautious with the regional uncertainty caused by the Libyan crisis which to date has had limited negative effect on bookings," Mr Decesare said.