In the first six months of this year, SIF Hoteluri Oradea, a company in the SIF Banat Crisana portfolio, recorded a turnover of 9.25 million RON, a decrease of 2.42% compared to 9.48 million RON in the same period last year.
SIF Hoteluri achieved total revenues of 9.40 million RON in H1, 1.67% lower than the 9.56 million RON from the previous financial year. In the same interval, total expenses were reduced by 6.89%, to 10.95 million RON, from 11.76 million RON.
The company, which has the Double Tree Hilton hotel in Oradea in its portfolio, as well as commercial spaces in the city, thus generated a loss of 1.68 million RON, 23.63% below the loss of 2.20 million RON from H1 2016.
Last year, SIF Hoteluri obtained a net profit of nearly 200,000 RON, compared to the loss of 10.02 million RON in 2015.
Total assets of SIF Hoteluri amounted to 114.11 million RON on June 30, 5.57% higher than the 108.09 million RON recorded in the accounts a year earlier.
Source: Profit
Frequently Asked Questions
What was SIF Hoteluri Oradea’s turnover in H1?
The turnover was 9.25 million RON, representing a slight decrease of 2.42% compared to the same period last year.
How did the company’s financial loss change?
The loss decreased by 23.63%, reaching 1.68 million RON, down from the 2.20 million RON loss reported in H1 2016.
What are the main assets owned by SIF Hoteluri Oradea?
The company’s portfolio includes the Double Tree Hilton hotel in Oradea and various commercial spaces within the municipality.