StockMarketWire.com - Minoan Group saw its full-year revenue surge to £37.4 million, from £7.4 million, while its pretax loss narrowed to £1.3 million, from £1.6 million.

Cost of sales was £33.6 million, against £6.4 million.

"We have made excellent progress over the past 12 months in our strategy of transforming the Group into a successful travel and leisure business," said chairman Christopher Egleton.

"The fast-expanding travel business is performing well, delivering increases in both revenues and profits, and with the recent agency additions now integrated there are firm foundations for further strong growth, both organically and through more acquisitions," he said in a statement.

Egleton said the inclusion of its Crete Project in Fast Track and the Greek Government's re-affirmation of its support for the Project despite the recent appeals were very positive.

"The current conditions in Greece and the continuing liberalisation of planning and privatisation laws augers well for the realisation of the Project and for other opportunities."


At 8:16am: [LON:MIN] share price was +0.01p at 6.13p



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