Minoan Travel hails 'outstanding progress' as sales increase

Site of Minoan's proposed leisure and tourism development in Crete Minoan Group says its development at the Cavo Sidero peninsula in Crete has fast track status

Related Stories

Travel firm Minoan Group said it had made "excellent" progress throughout the year as the company reported an increase in sales.

The Glasgow-based firm said total transaction value was up 37% to £51.2m in the year to 31 October 2013.

Minoan's major hotel and leisure development in Crete was granted fast-track status during the period.

Chairman Christopher Egleton said the company had seen 12 months of "outstanding progress".

"We have never been closer to realising management's ambition of developing the group into a successful international travel and leisure business," he said.

He added: "We look forward to the coming year with every expectation of delivering further significant improvements, both operationally and in terms of enhancing shareholder value."

A final decision on the Crete project is expected soon.

Minoan has made a number of acquisitions in recent years.

Last month it bought Aberdeenshire-based Martin Singer Travel.

More on This Story

Related Stories

The BBC is not responsible for the content of external Internet sites

More Scotland business stories

RSS

Features

BBC © 2014 The BBC is not responsible for the content of external sites. Read more.

This page is best viewed in an up-to-date web browser with style sheets (CSS) enabled. While you will be able to view the content of this page in your current browser, you will not be able to get the full visual experience. Please consider upgrading your browser software or enabling style sheets (CSS) if you are able to do so.