InterContinental: EUR 1.36 mil. loss in the first semester

InterContinental Romania hotel company, manager of the five star hotel InterContinental located in Bucharest, registered EUR 1.36 mil. loss for the first six months of the year, according to the data issued to the Stock Exchange.

During the same period last year the company registered approximately EUR 272,000 loss.

In the same period, the turnover of InterContinental reached EUR 4.6 mil., decreasing by 33% compared to the level of the first semester in 2008.

The company’s expenditures reached EUR 6.6 mil. between January and June, dropping approximately 10% compared to the similar period in 2008.

Sursa: Daily Business [13.08.2009], Money [13.08.2009], Wall-Street [13.08.2009], Ziarul Financiar [13.08.2009]