trending Market Intelligence /marketintelligence/en/news-insights/trending/FE-YQCC7Yvdq2jCQvlocRQ2 content esgSubNav
In This List

SIF Hoteluri Q2 loss narrows YOY

Podcast

Street Talk | Episode 105: Banks could see opportunity in fintech's cleansing fire

Blog

The Climate Vulnerability Assessment by APRA: Helping Financial Institutions Address Challenges

Video

Lithium Import

Blog

Activity Volumes Across the Equity Capital Markets Dropped Significantly in 2022


SIF Hoteluri Q2 loss narrows YOY

SIF Hoteluri SA said its second-quarter normalized net income amounted to 683,440 lei, compared with a loss of 759,860 lei in the prior-year period.

Normalized net income excludes unusual gains or losses on a pre- and after-tax basis.

The normalized profit margin increased to negative 22.5% from negative 24.6% in the year-earlier period.

Total revenue decreased year over year to 3.0 million lei from 3.1 million lei, and total operating expenses decreased 12.1% year over year to 3.9 million lei from 4.4 million lei.

Reported net income came to a loss of 1.1 million lei, compared with a loss of 1.2 million lei, or a loss of 6 bani per share, in the prior-year period.

As of July 22, US$1 was equivalent to 4.06 Romanian lei.