Total revenue stood at RON3.2 million in January-June 2022, down nearly 50% versus the first half of 2021.
THR Marea Neagra said in its report that the current geopolitical conditions marred by the war in Ukraine triggered a 20% decrease in the number of tourists as compared to 2021. The company also said the average number of seasonal workers plunged by 51.26% year-over-year in the first half of 2022 against the backdrop of a decline in employment. It also said the number of permanent employees was lower by 58.06% on June 30, 2022 due to mass layoffs in the fourth quarter of 2021.
Consequently, expenses with employees’ gross wages fell almost 20% due to a decline in staff numbers.
THR Marea Neagra, with a market value of RON110.8 million, is 78.6% held by Transilvania Investments Alliance (the former SIF3), and the remaining shares are distributed among other shareholders.
The company’s shares have gained 5.6% in 2022, amid deals worth RON3.4 million.