and achieve significant improvements over the EUR4.12 million loss registered in 2014.
On the other hand, total income dropped from EUR52.96 million to EUR39.38 million and consequently gross profits also fell 6.9 percent to EUR18.29.
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Constantinou Bros Hotels has returned to profitability after recording profits of EUR5.91 million in 2015. Driven by the positive operational results of properties flying the company’s flag, the hotelier was able to revise the previous trend
and achieve significant improvements over the EUR4.12 million loss registered in 2014.
On the other hand, total income dropped from EUR52.96 million to EUR39.38 million and consequently gross profits also fell 6.9 percent to EUR18.29.