Business News

Terme Catez Profit Almost Halved in H1

Catez ob Savi, 31 August (STA) - Spa operator Terme Catez generated revenues of EUR 19.3m in the first six months of 2010, which is 11% less year-on-year. The group's net profit amounted to EUR 692,000, which is 45% less than in the first half of 2009.

According to the management, the drop in profit can be attributed primarily to the sale of the former subsidiary Delikatesa, a catering business, which provided for over EUR 2.5m of the revenues in the first half of 2009.

Moreover, guests in the hospitality part of the Terme Catez group made over 290,000 overnight stays, which is almost 6% less year-on-year.

The share of Slovenian guests decreased by almost 6%, while the share of foreign guests was 4% higher.

Foreign guests generated almost 40% of the total overnights stays and over a half of hotel stays.

Among foreign guests, Terme Catez recorded most visits by Italians and Croatians.

The number of bathers fell by slightly over 3% year-on-year to a little over 415,000, while sales of daily entrance tickets were down 6%.

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