Mid-sized British hotel group, Peel Hotels (AIM: PHO) released H1 interim results today, in which they reported a 5.5% increase in turnover and a post tax profit of approximately £1.1 million. Peel Hotels stated that it was difficult to determine whether the improved performance is a result of stabilising economic conditions or an increase in market share. The initial headline figures add polish to a disappointing start the trading period.
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