EnglishTurism Felix, a hotel company listed on RASDAQ as TUFE, concluded the first half of the year with losses of 1.26 million RON, compared to earnings of 230,000 RON in the first half of 2008. The turnover logged for H1 amounted to 17.78 million RON, down by 7% from the 19.09 million RON reported for H1, 2008.
The company"s overall revenues totalled 18 million RON, down 7% year-on-year, while expenses gained 0.69% to 19.26 million RON. Current operations generated losses of 1.22 million RON, down from earnings of 433,628 RON in the year-ago period.
In the first half of 2009, the company made investments in the amount of 10.79 million RON, by 10% less than in the first half of 2008. Investments primarily focused on the continuation of modernization works performed on the Felix Aqua Park (restaurant, access area and locker rooms) and on the Lotus Park (commercial alley construction and other facilities).
Turism Felix has a share capital of 49.61 million RON divided into shares with a face value of 0.10 RON. The majority shareholder is SIF Transilvania (SIF3) with 63.2%. SIF Oltenia (SIF5) is second with 16.86%.
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