Corinthia Finance registers €17,000 profit

Corinthia Finance plc registered an income of €1,786,040, generated from interest charged on loans to its parent company net of finance costs on bonds in issue, with a net surplus of €41,773 for the June 2011 interim period.

This represents an increase of €12,752 over the corresponding period last year.

The company finances the ownership, development and operation of the hotels, resorts, and leisure facilities forming part of the Corinthia Group of Companies, of which it is a member.

The Company incurred €15,186 by way of administrative expenses and a profit after tax for of €17,281.