The company’s revenues rose 97.5% to RON3.91 million, from RON1.98 million in the first three months of 2015.
In January-March, SIF Hoteluri registered expenses of RON5.49 million, 55% higher on the year.
SIF Hoteluri is majority owned by regional investment fund SIF Banat-Crisana (SIF1.RO), with a 98.99% stake, while privatization authority AAAS owns a 0.032% stake.