KHI reveals results

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10 Sep 2008

KHI reveals results

BY Sarah Todd

Hotel and resort group Kingdom Hotel Investments (KHI) has released details of its results for the six months ending 30 June 2008.

The group reported a strong financial performance for the half-year period, for both existing hotels and acquisitions.

KHI’s profit was up 8 per cent at US$20.6m (14.2m euro, £11.5m) from last year’s figure of US$19.1m (13.1m euro, £10.7m) while EBITDA was up 53 per cent at US$115.5m (79.7m euro, £64.9m) from US$75.4m (52m euro, £42.3m) on 2007’s figures. Details: kingdomhotels.com

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