Corporate News
Meliá Reports Recurring Net Profit of €83.4 Million, Prior to the Accounting Impact of the Extraordinary Provision Related to the Exit from Cuba of its Subsidiary Ilha Bela, and Confirms Another Strong Summer Season
Throughout the reporting period, the Company maintained solid operational performance, delivering recurring Net Profit in line with expectations and reflecting the underlying strength and resilience of the business.
The decision to prudently provide for the full value of balances and assets in Cuba, the recoverability of which is currently highly uncertain, has a significant accounting impact on the year's results. However, this conservative approach further strengthens the robustness, transparency, and credibility of the Group's balance sheet.
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