Turism, Hoteluri, Restaurante Marea Neagra S.A. Reports Earnings Results for the Nine Months Ended September 30, 2023
November 13, 2023
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Turism, Hoteluri, Restaurante Marea Neagra S.A. reported earnings results for the nine months ended September 30, 2023. For the nine months, the company reported sales was RON 18.99 million compared to RON 26.37 million a year ago. Revenue was RON 40.11 million compared to RON 44.24 million a year ago.
Net income was RON 18.34 million compared to net loss of RON 6.84 million a year ago.
Turism Hoteluri Restaurante Marea Neagra SA (THR Marea Neagra SA) is a Romania-based company engaged in the tourism sector. The Company provides tourism services in the Black Sea resorts of Eforie Nord, Eforie Sud, Venus, Saturn and Neptun. THR Marea Neagra SA offers various types of accommodation and food services. It administrates 34 accommodation and 29 foodservice units. The accommodation units offer over 12,000 places. The services provided by the Company are completed by the health and treatment offers in spa centers situated in Saturn, within the residential three-star hotels Balada, Hora and Sirena. THR Marea Neagra SA also offers recreation packages through its Aqua Park Balada and Aqua Park Cleopatra. As of December 31, 2011, SIF Transilvania SA held a 77.71% stake in the Company.