In 2013, its turnover fell 7% on the year to RON28.1 million and its profit decreased more than four times to RON714,000.
THR’s total revenues are expected to rise 21% to RON41.6 million in 2014, following a 22% decline to RON34.4 million in 2013, while expenses are seen going up by 10% to nearly RON37 million, from RON33.5 million in 2013.
THR Marea Neagra operates 23 hotels on the Black Sea coast.
According to the latest data, regional investment fund SIF Transilvania (SIF3.RO) controls 77.71% of the company’s shares.
On the Bucharest stock exchange last Friday, THR Marea Neagra rose 0.55%, to RON0.0729 a share. (EUR1=RON4.4561)