- Minoan Group booked an H1 pretax loss of £0.69m, from a loss of £0.9m a year earlier. Revenue was £2.5m, from £5.4m.

Christopher Egleton, Minoan Chairman, said:

"We are pleased with the continuing progress underway in enhancing shareholder value across the Group. The growth during the first half in total transaction value generated by the Travel and Leisure division and, importantly, both gross margin and profits has continued into the second half.

"We are more than capitalising on the upturn in the overall economy with the division's corporate travel and cruise offerings registering annual sales growth rates of over 25%.

"With the Project in Fast Track and all the necessary reaffirmations of support in place both from the Local Municipality and the Greek Government, we are progressing talks over the summer with a number of third parties who have expressed an interest in participating in the Project once the Presidential Decree has been granted."

At 8:35am: [LON:MIN] Minoan Group PLC share price was -0.38p at 14.75p

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