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