Meliá Hotels doubles profits, improves in all regions
May 15, 2015
PALMA DE MALLORCA, Spain – Meliá made a profit of €16.2 million between January and March 2015, representing an increase of 98% over the same period in 2014.
PALMA DE MALLORCA, Spain – Meliá made a profit of €16.2 million between January and March 2015, representing an increase of 98% over the same period in 2014. Revenues reached €359 million, 14% higher than in the previous year, and financial results improved by 27% (€5.3 million) due to the decrease in net debt and improved average interest rates.
• Net profit attributable improved by 98% and total revenue by 14% thanks to the strong performance of the hotel business and a RevPAR (Revenue Per Available Room) increase of 12%
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The Barbados Defence Force (BDF), in partnership with Sol Barbados Limited, recently received a donation of 11 000 litres of fuel, with a retail value of $28 000.
The donation was made at the BDF’s headquarters, The Garrison, St Michael.
The fuel donation will help the BDF to facilitate the distribution of care relief packages to vulnerable households in Barbados, according to a statement from Barbados Government Information Service.
BDF Chief of Staff, Colonel Glyne Grannum expressed gratitude for the donation: “For many years, Sol Petroleum (Barbados) SRL has been one of the Barbados Defence Force’s foremost strategic partners. Loyal to their mission, values and promise in the fuel industry, the Sol Group has continuously contributed to the BDF’s mobility on land and at sea.
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