Turism Felix: over 41% decrease in revenues in 2020
The company Turism Felix, which operates 5 hotels in the Baile Felix resort within the SIF Transilvania portfolio, recorded a 41.84% decrease in revenues in 2020, down to 54.35 million RON, from 93.46 million RON in 2019.
Total expenses decreased by 33.03%, to 52.99 million RON, from 79.13 million RON. The recorded net profit dropped to nearly 463,000 RON, from 14.21 million RON.
Turism Felix operates 5 hotels in Baile Felix, namely International (4 stars), Termal (3 stars), Nufarul (3 stars), Poienita (3 stars) and Mures (2 stars).
As of December 31, 2020, the company had total assets of 211.87 million RON, a 2.24% decrease compared to 216.72 million RON at the end of 2019. During the same period, total liabilities decreased by 7.97%, to 26.65 million RON, from 28.96 million RON.
Frequently Asked Questions
What was the revenue decline for Turism Felix in 2020?
Turism Felix recorded a 41.84% decrease in revenues, falling from 93.46 million RON in 2019 to 54.35 million RON in 2020.
Which hotels are part of the Turism Felix portfolio?
The company operates five hotels in Baile Felix: International (4*), Termal (3*), Nufarul (3*), Poienita (3*), and Mures (2*).
How did the company’s profit change in 2020?
The net profit saw a massive decline, dropping from 14.21 million RON in 2019 to approximately 463,000 RON in 2020.