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Romania's THR Marea Neagra 2014 non-cons net profit soars

Author Martin Raynov
Romania's THR Marea Neagra 2014 non-cons net profit soars

BUCHAREST (Romania), April 22 (SeeNews) - Romanian hotel operator Turism Hoteluri Restaurante (THR) Marea Neagra [BSE:EFO] said its non-consolidated net profit grew to 5.795 million lei ($1.399 million/1.306 million euro) in 2014 from 714,345 lei a year earlier.

Operating profit amounted to 7.922 million lei in 2014, compared to 1.127 million lei a year earlier, the company said in a bourse filing. Pre-tax profit stood at 7.661 million lei versus 970,782 lei in 2013.

Total revenue jumped to 47.460 million lei in 2014 from 33.263 million lei in 2013.

THR Marea Neagra's share capital was unchanged at 57.895 million lei in 2014.

  2014 (in mln lei) Y/Y Change (%) 2013 (in mln lei)
Net profit 5.8 711% 0.7
Pre-tax profit 7.7 689% 1.0
Operating profit 7.9 603% 1.1
Total revenue 47.5 43% 33.3
Cash and cash equivalents 11.4 4562% 0.2
Share capital 57.9 0.0% 57.9

(1 euro = 4.4374 Romanian lei)

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