SIF Hoteluri, formerly Calipso Oradea, recorded total revenues of 9.56 million RON in the first six months of this year, an increase of 88.19% compared to 5.08 million RON in H1 2015.
Activity increased due to the inclusion of new business units, which grew from 2 units to 7 units. Total assets increased by 34.40% as of June 30, 2016, to 108.09 million RON, from 80.42 million RON on June 30, 2015. Against this backdrop, total expenses rose by 52.33% to 11.76 million RON, from 7.72 million RON.
Thus, the company realized semi-annual losses of 2.20 million RON, 16.66% lower than the 2.64 million RON recorded in the first 6 months of last year.
Source: Profit
Frequently Asked Questions
What were SIF Hoteluri’s revenues in H1 2016?
SIF Hoteluri reported revenues of 9.56 million RON, an 88.19% increase compared to the same period in 2015.
Why did SIF Hoteluri’s activity increase?
The growth was driven by the expansion of its operations from 2 to 7 business units.
Did SIF Hoteluri record a profit or a loss?
The company recorded a loss of 2.20 million RON, which is a 16.66% improvement compared to the previous year’s loss.