Sales rose 16% on the year, to RON23 million, from RON19.7 million.

Revenue grew 20% to RON26.5 million, while expenditure declined 22% to RON24.5 million.

Company shareholders include Dan Adamescu with a 32.03% stake held indirectly, through Astra (16.32%) and The Nova Group Investments Romania (15.71%).

Intercontinental has a share capital of RON83.3 million, divided into 833.5 million shares with a face value of RON0.1.

Company shares closed flat at RON0.09 Thursday. (EUR1=RON4.2525)