The operator of Bucharest-based Intercontinental Hotel reported loss of RON1.65 million in the first six months of 2012.
The company’s turnover saw a slight decrease in the mentioned period from RON20.5 million to RON20.46 million.
Total revenues rose 2.3% to RON21.65 million in January through June, from RON21.16 million in the year-earlier period, while expenses advanced by 1.7% to RON23.22 million from RON22.82 million.
Intercontinental has a wide ownership, with some of the largest shareholders including Cyprus-registered Mountbay Limited with a 32.9% stake and Astra insurance company with 16.32%.
Intercontinental traded at RON0.0683 a share in Bucharest Tuesday. (EUR1=RON4.4250)