The difference stems from rental income of RON11.4 million as of September 30, 2024 compared with RON19 million as of September 30, 2023, respectively from income from disposed fixed assets and assets held for sale, RON10 million compared with RON20 million.
The company recently convened shareholders to approve the partial breakup to transfer a narrower segment of the business, i.e. low-cost accommodation facilities, to another company. THR will keep the three- and four-star high-comfort hotels.
Transilvania Investments, which had 78.8% in the company, holds 69.7% after the split. The name of the beneficiary company is Hotels Restaurant Sud, in which Transilvania Investments is the biggest shareholder with 90.6%.
(English version by Loredana Fratila-Cristescu)