The operator of Bucharest-based Intercontinental Hotel posted turnover of RON8.7 million in the January-March period, up 2% from RON8.6 million in the same period of 2012.
Total revenue rose 10% on the year to RON9.7 million, while overall costs were flat at RON11 million.
Intercontinental has a wide ownership, with some of the largest shareholders including Cyprus-registered Mountbay Limited with a 32.89% stake and Astra insurance company with 16.32%.
On Rasdaq market April 26, Intercontinental closed up 7.38% at RON0.0698 a share. (EUR1=RON4.3344)