THR Marea Neagr\u0103, the company operating hotel units in the resorts of Eforie Nord, Eforie Sud, Neptun, Venus, and Saturn, recorded semi-annual revenues of over 18 million RON from asset sales and reports a net profit of over 3 million RON.<\/p>\n\n\n\n
Turism, Hoteluri, Restaurante Marea Neagr\u0103 achieved total operating revenues of 19.94 million RON in the first half of this year, an increase of 49.92% compared to the 13.30 million RON in the same period last year. This is the result of asset sales worth 18.26 million RON, 2.4 times higher than the 7.51 million RON in H1 2019.<\/p>\n\n\n\n
This compensated for the 10-fold collapse in accommodation revenues to only approximately 210,000 RON.<\/p>\n\n\n\n
During the same reporting interval, total operating expenses decreased by 12%, to 15.40 million RON, from 17.50 million RON.<\/p>\n\n\n\n
The company’s total net income was 3.27 million RON, compared to the loss of 4.70 million RON in the first 6 months of last year. In 2019, THR Marea Neagr\u0103 achieved a net profit of 12.16 million RON.<\/p>\n\n\n\n
As of June 30, THR Marea Neagr\u0103’s total assets amounted to 273.99 million RON, and total liabilities stood at 29.49 million RON, with minor deviations from the beginning of the year.<\/p>\n\n\n\n
One week after the conclusion of the buyback program in which they acquired 0.51% of the company’s shares from the market for approximately 298,000 RON, THR Marea Neagr\u0103 was the protagonist of a special transfer in the deal market of the Bucharest Stock Exchange where the company is listed. Thus, 29.54 million shares of the hotel operator were exchanged for 3.14 million RON, at a price 4.05% below the reference price. The 5.11% stake is similar to the holding of the Salink Limited fund registered in Cyprus by the Swedes from East Capital.<\/p>\n\n\n\n
At the price of that major transaction, 0.1065 RON\/share, the issuer’s market value amounts to 61.61 million RON.<\/p>\n\n\n
The company’s profit was primarily driven by asset sales totaling 18.26 million RON, which offset the sharp decline in tourism activity.<\/p>\nHow did accommodation revenues perform during this period?<\/strong>\n Accommodation revenues saw a significant 10-fold decrease, falling to approximately 210,000 RON in the first half of the year.<\/p>\nWhat was the significance of the recent BVB transaction?<\/strong>\n A major deal involving 5.11% of the company’s shares was completed for 3.14 million RON, valuing the issuer at 61.61 million RON.<\/p>","protected":false},"excerpt":{"rendered":" THR Marea Neagra: H1 Revenues Exceed 18 Million RON THR Marea Neagr\u0103, the company operating hotel units in the resorts of Eforie Nord, Eforie Sud, Neptun, Venus, and Saturn, recorded semi-annual revenues of over 18 million RON from asset sales and reports a net profit of over 3 million RON. Turism, Hoteluri, Restaurante Marea Neagr\u0103…<\/p>\n","protected":false},"author":0,"featured_media":69582,"comment_status":"closed","ping_status":"closed","sticky":false,"template":"","format":"standard","meta":{"footnotes":""},"categories":[2852],"tags":[2861],"thb-sponsors":[],"class_list":["post-118301","post","type-post","status-publish","format-standard","has-post-thumbnail","hentry","category-hotels-restaurants","tag-hotel-en"],"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\/118301","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=118301"}],"version-history":[{"count":0,"href":"https:\/\/rhn.ro\/en\/wp-json\/wp\/v2\/posts\/118301\/revisions"}],"wp:featuredmedia":[{"embeddable":true,"href":"https:\/\/rhn.ro\/en\/wp-json\/wp\/v2\/media\/69582"}],"wp:attachment":[{"href":"https:\/\/rhn.ro\/en\/wp-json\/wp\/v2\/media?parent=118301"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/rhn.ro\/en\/wp-json\/wp\/v2\/categories?post=118301"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/rhn.ro\/en\/wp-json\/wp\/v2\/tags?post=118301"},{"taxonomy":"thb-sponsors","embeddable":true,"href":"https:\/\/rhn.ro\/en\/wp-json\/wp\/v2\/thb-sponsors?post=118301"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}