Its revenues rose 29% last year to RON44.6 million, from RON34.5 million in 2011. Overall expenses climbed 9% to RON39.7 million, from 36.3 million.
The company registered profit of RON4 million in 2012, down from RON14.1 million in the previous year.
The results are calculated according to the International Financial Reporting Standards (IFRS), the company said.
THR Marea Neagra said in January it put up for sale five hotels and several other assets on the Black Sea coast, and would use the money obtained to upgrade its other hotels.
THR Marea Neagra, controlled by regional investment fund SIF Transilvania (SIF3.RO), owns over 30 hotels on the Black Sea coast, in resorts Eforie Nord , Eforie Sud, Neptun, Venus and Saturn.
On Thursday, THR Marea Neagra closed down 1.26%, at RON0.0629 a share. (EUR1=RON4.3844)