Substantially improved performance in line with management's expectations
Our clear strategy has delivered sustainable profitable growth: 22% reduction in seasonal loss from operations, together with like-for-like revenue growth
Summer trading is encouraging
Good progress with our strategic partner, Fosun, towards implementing a hotel investment platform to accelerate our hotel development, and establishing a joint venture targeting the Chinese tourism market
Extended £800 million financing facility signed, an increase of £330 million over the existing facility, helping to create a more efficient capital structure, reduce interest costs and increase financial flexibility
Improving bottom-line profitability supports resumption of dividend payments in respect of FY16 earnings
