THR Marea Neagra: Over 28% Revenue Drop in 2020
Turism, Hoteluri, Restaurante Marea Neagra, which operates 24 hotel units in the resorts of Eforie Nord, Eforie Sud, Neptun, Venus, and Saturn, recorded total operating revenues of RON 42.25 million in 2020, a decrease of 28.48% compared to the RON 59.08 million in the previous financial year.
Expenses decreased by 30.09% to RON 36.38 million, from RON 52.04 million, while the operating result decreased by 16.64% to RON 5.86 million, from RON 7.03 million in 2019.
In the same reporting period, the net global result suffered a decline of 18.06% to RON 4.58 million, from RON 5.59 million.
As of December 31, 2020, the company’s total assets amounted to RON 260.66 million, 4.94% below the RON 274.20 million at the end of 2019.
In the same reporting period, total liabilities were reduced by 15.67% to RON 24.91 million, from RON 29.54 million.
Frequently Asked Questions
By how much did THR Marea Neagra’s revenues decrease in 2020?
Total operating revenues decreased by 28.48%, reaching RON 42.25 million compared to the previous year.
How many hotel units does the company operate?
The company operates 24 hotel units in the resorts of Eforie Nord, Eforie Sud, Neptun, Venus, and Saturn.
What was the net global result for the 2020 reporting period?
The net global result was RON 4.58 million, representing an 18.06% decline from the RON 5.59 million recorded in 2019.