English"Turism Hoteluri Restaurante Marea Neagra" (Tourism Hotels Restaurants Black Sea - THR Marea Neagra) reported Q1 losses of 3.67 million RON (1.09 million EUR), up by 30% year-on-year, amid a 22.8 percent decline in business, according to NewsIn.
THR Marea Neagra estimates an 18.28% decrease in this year"s net profit to 4.79 million RON despite a projected increase in revenues from 39.54 million RON to over 44 million RON. Losses posted for the first three months of last year amount to 2.81 million RON.
The company posted a Q1 turnover of 191,350 RON, down by 22.8% year-on-year, from 248,178 RON. THR is listed on BVB Tier II and has a share capital of 19.31 million RON. THR is the result of the merger between Eforie S.A. and four other companies: Carmen Silva S.A., Miorita Estival S.A., Venus S.A. and Saturn S.A..
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