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CASA DE BUCOVINA-CLUB DE MUNTE - BCM

2017 H1 financial results

Release Date: 8/10/2017 6:47:34 PM

IRIS Code: 50BB8

ANNOUNCEMENT

In accordance with the legal provisions in force, the company informs investors that the Board of Administrators’ report for the first semester of 2017 will be available to the public starting with 10 August 2017, 18:30, as follows:

1. in soft copy at www.bestwesternbucovina.ro

2. in hard copy at the headquarters of the company in Gura Humorului, 18 Republicii Square, Suceava county

3. the report can be found in the link below.

The report for the first semester of 2017 includes the administrators’ report prepared in accordance with Annex 31 of the NSC Regulation 1/2006 and the financial statements prepared in compliance with IFRS for the period ended 30.06.2017, with the mention that the statements are not audited by a financial auditor.

Financial results

Sem I 2017

Sem I 2016

variation (%)

Turnover

3,180,960

3,228,007

-1.46%

Operating revenues, of which:

3,184,872

3,230,953

-1.43%

Revenue from accommodation activity

1,244,913

1,163,643

6.98%

Revenue from food and beverage activity

1,850,877

1,930,922

-4.15%

Revenue from other activities

89,082

136,387

-34.68%

Operating expenses

3,686,211

3,680,145

0.16%

Operating result

-501,339

-449,192

11.61%

Financial result

128,158

166,820

-23.18%

Total revenues

3,332,030

3,402,580

-2.07%

Total expenses

3,705,211

3,684,952

0.55%

Gross profit

-373,181

-282,372

32.16%

Net profit

-408,619

-346,162

18.04%

Balance sheet items

30.06.2017

31.12.2016

variation (%)

Total fixed assets

22,104,103

22,264,086

-0.72%

Inventories

207,781

182,048

14.14%

Trade receivables

455,143

261,975

73.74%

Prepayments

319,994

158,120

102.37%

Cash and bank accounts

1,845,274

3,026,132

-39.02%

Deposits at banks

10,075,000

9,708,682

3.77%

Credits and receivables

2,250,380

2,228,527

0.98%

Other receivables

92,654

118,530

-21.83%

Total current assets

15,246,226

15,684,014

-2.79%

TOTAL ASSETS

37,350,329

37,948,100

-1.58%

Total Shareholders’ Equity

34,248,591

35,219,308

-2.76%

TOTAL LIABILITIES

3,101,226

2,664,419

16.39%

TOTAL SHAREHOLDERS’ EQUITY AND LIABILITIES

37,350,329

37,948,100

-1.58%

Ion Romica Tamas

CEO and Vice-President of the Board of Administrators



 Print

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