HALF year sales at Minoan Group soared almost 2000% to £12.6 million with the chief executive planning further rapid growth after putting in place the infrastructure for a £300m business.
The travel and leisure company saw sales and commissions soar from the £610,000 reported in the period to March 31, 2011, following an acquisition spree to snap up several Scottish travel agencies.
Losses increased from £498,000 to £780,000 in the six months to April 30 this year mainly due to costs relating to acquisitions plus investment on a luxury resort the AIM-listed business is developing in the north-east of Greece.
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