Radu Zamfir, CEO of THR Marea Neagra, said the decline in revenue is due to the fact that the company did not sell any asset in the first six months of 2021.
THR Marea Neagra is held by regional investment fund SIF Transilvania and manages 11 hotels, 13 restaurants, aqua parks and spa facilities on the Romanian seaside. The company had a turnover of RON23 million in 2020, down 52% on the year, and a net profit of RON4.5 million, down 18% on the year. Its staff numbers fell by almost 113, reaching just 247 employees in 2020.