In 2012, the company’s revenue fell by 12.8% on the year to RON46.55 million, while its costs declined by 9.4% to RON47.26 million. Its turnover dropped by 10.24% to RON42.58 million, from RON47.44 million in 2011.
In 2011, Intercontinental reported revenue of RON53.38 million and costs of RON52.19 million, according to a report sent to the Bucharest Stock Exchange.
Cyprus-registered Mountbay Limited owns 32.9% in Intercontinental. Mountbay Limited and The Nova Group Investments Romania associated with Zeta SPV Development Bucuresti whose administrator was Alexander Adamescu, son of Romanian businessman Dan Adamescu.
Dan Adamescu indirectly owns a 32.03% stake in Intercontinental.
On the Bucharest Stock Exchange, Intercontinental last traded at RON0.0698 a share. (EUR1=RON4.3352)