• Peel Hotels operating profits rise

Peel Hotels has reported a 65.7% rise in operating profit to GBP929,627 for the year to 2 February.

Turnover increased 1.8% to GBP15.5m, with Ebitda up 16.6% to GBP1.98m. Robert Peel, chairman, said: “We hope to sustain improvements in Ebitda growth on the back of a slowly recovering market place and this, together with lower finance costs, should transform the profitability of the group.”

Read the full story here: http://www.investegate.co.uk/peel-hotels-plc–pho-/rns/preliminary-results/201405150700121355H/

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