Its net profit dropped to RON862,000 in 2013, from RON3.1 million a year before.
THR’s revenues decreased by 25% to RON33.2 million last year, while expenses saw a 19% decline to RON32.2 million, according to the company’s preliminary financial report.
In 2012, its revenues stood at RON44.3 million and expenses reached RON40.1 million.
THR Marea Neagra operates 23 hotels on the Black Sea coast.
Regional investment fund SIF Transilvania (SIF3.RO) controls 77.71% of the company’s shares and Swedish company East Capital owns 5.1% of the shares through Cyprus-registered firm Salink Limited.
On the Bucharest stock exchange Thursday, THR Marea Neagra rose 1.25% at RON0.0729 a share.