Business News

Terme Catez Ups Profit by 14%

Catez ob Savi, 01 April (STA) - Spa operator Terme Catez generated EUR 36m in revenues in 2009, a 10% growth year-on-year. Net profit amounted to EUR 5.4m, up 14% compared to 2008, according to the company's unaudited results released on Thursday.

Revenues from services accounted for 80% of the company's total revenues, while 10% came from retail and wholesale, the company said.

Terme Catez registered 700,000 overnight stays in 2009, up 3% compared to the year before. Numbers of domestic visitors were up 4%, while foreigners booked 3% more nights.

Terme Catez accounted for 8% of all overnight stays in Slovenia and 25% of all overnight stays in natural spas, according to the company.

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