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Hyatt Profits Up

GREECE – (PRESS RELEASE) - Greek-listed casino group Hyatt, which is now controlled by private equity group BC Partners, said that its 2005 full-year net profits were up 29.7 pct year on year to 60.6 mln eur under IFRS, swelled by a 17 mln eur extraordinary profit from the sale of its 20.1 pct shareholding in Hellenic Hotels Lampsa.

Full year EBITDA was down 4.2 pct to 106.1 mln eur from 110.8 mln eur in 2004. Group sales were up 3.4 pct to 307.6 mln eur from 297.5 mln eur.

Management will propose a dividend for fiscal 2005 of 0.33 eur per share, meaning an additional 0.11 eur per share, since it has already paid an interim dividend of 0.22 eur per share.

Today Hyatt closed 0.3 pct lower at 11.20 eur before the results were announced, and the ASE general index closed up 1.4 pct to 4,104.5 points.

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