Turism Felix, a company operating 5 hotels in Baile Felix within the SIF Transilvania portfolio, reports a revenue decrease of over one-third, as it was forced to close operations for 3 months due to restrictive measures taken in the context of the coronavirus epidemic. However, the company managed to recover from the loss recorded in H1.<\/p>\n\n\n\n
The company’s total revenues fell by 37.74%, down to 45.63 million RON, from 73.29 million RON in the previous financial year.<\/p>\n\n\n\n
The company mentions the mitigating effect of the state-funded technical unemployment scheme; however, even so, total expenses declined at a slower pace than revenues, specifically a 27.45% drop to 41.17 million RON, from 56.75 million RON.<\/p>\n\n\n\n
The company recorded a 3.6-fold decrease in net profit, to 4.40 million RON, from 16.09 million RON.<\/p>\n\n\n\n
In the first half of the year (H1), the company recorded a loss of 8.95 million RON, while for the entire previous year, it had achieved a net profit of 14.21 million RON, from which the company was able to approve the distribution of dividends totaling 5.01 million RON for September 30.<\/p>\n\n\n\n
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).<\/p>\n\n\n\n
As of September 30, the company had total assets of 240.20 million RON, down 0.70% compared to 241.90 million RON on January 1, 2020.<\/p>\n\n\n\n
During the same period, total liabilities increased by 4.21%, to 21.75 million RON, from 20.87 million RON.<\/p>\n
The 37.74% decrease in revenue was primarily caused by the 3-month operational shutdown mandated by pandemic-related restrictions.<\/p>Which hotels are included in the Turism Felix portfolio?<\/strong> The company operates five hotels in Baile Felix: International (4 stars), Termal (3 stars), Nufarul (3 stars), Poienita (3 stars), and Mures (2 stars).<\/p>Did Turism Felix recover from its first-half losses?<\/strong> Yes, despite a loss of 8.95 million RON in H1, the company managed to return to profitability, reporting a net profit of 4.40 million RON by September 30.<\/p>","protected":false},"excerpt":{"rendered":" Turism Felix, a company operating 5 hotels in Baile Felix within the SIF Transilvania portfolio, reports a revenue decrease of over one-third, as it was forced to close operations for 3 months due to restrictive measures taken in the context of the coronavirus epidemic. However, the company managed to recover from the loss recorded in…<\/p>\n","protected":false},"author":0,"featured_media":70031,"comment_status":"closed","ping_status":"closed","sticky":false,"template":"","format":"standard","meta":{"footnotes":""},"categories":[2852],"tags":[3615,286],"thb-sponsors":[],"class_list":["post-118101","post","type-post","status-publish","format-standard","has-post-thumbnail","hentry","category-hotels-restaurants","tag-felix-ball","tag-turism-felix"],"article_style_override":"on","post-style":"style2","post_via":"","post-top-image":"https:\/\/rhn.ro\/wp-content\/uploads\/2019\/11\/hotelieri-2.jpg","_links":{"self":[{"href":"https:\/\/rhn.ro\/en\/wp-json\/wp\/v2\/posts\/118101","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/rhn.ro\/en\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/rhn.ro\/en\/wp-json\/wp\/v2\/types\/post"}],"replies":[{"embeddable":true,"href":"https:\/\/rhn.ro\/en\/wp-json\/wp\/v2\/comments?post=118101"}],"version-history":[{"count":0,"href":"https:\/\/rhn.ro\/en\/wp-json\/wp\/v2\/posts\/118101\/revisions"}],"wp:featuredmedia":[{"embeddable":true,"href":"https:\/\/rhn.ro\/en\/wp-json\/wp\/v2\/media\/70031"}],"wp:attachment":[{"href":"https:\/\/rhn.ro\/en\/wp-json\/wp\/v2\/media?parent=118101"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/rhn.ro\/en\/wp-json\/wp\/v2\/categories?post=118101"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/rhn.ro\/en\/wp-json\/wp\/v2\/tags?post=118101"},{"taxonomy":"thb-sponsors","embeddable":true,"href":"https:\/\/rhn.ro\/en\/wp-json\/wp\/v2\/thb-sponsors?post=118101"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}