International Hotel Investments plc announced preliminary group earnings results for the year ended December 31, 2015. For the period, the company reported revenue of EUR 134,074,000 compared to EUR 116,379,000 a year ago. EBITDA was EUR 32,117,000 compared to EUR 28,850,000 a year ago.

Results from operating activities were EUR 24,407,000 compared to loss of EUR 3,729,000 a year ago. Loss before tax was EUR 349,000 compared to EUR 29,835,000 a year ago. Loss for the year attributable to owners of the company was EUR 3,728,000 or EUR 0.01 per share compared to EUR 16,266,000 or EUR 0.03 per share a year ago.

Net cash from operating activities was EUR 29,482,000 compared to EUR 30,016,000 a year ago. The increase in revenue is attributable to the increased revenues in the company's European operations (€9.8 million) and the consolidation of the IHGH results for the second half of 2015 (€17.6 million). The increase in EBITDA is mainly attributable to the improved performance in all the company's hotels excluding Tripoli and the consolidation of IHGH's results as from the second semester of 2015.