Business News

Terme Čatež Reports Minimum Profit

Ljubljana, 31 May (STA) - Spa operator Terme Čatež made a net profit of EUR 565 in the first quarter of the year, which is but a fraction of EU 318,133 generated in the same period last year.

First quarter net sales revenue was down 6% on the same period last year to EUR 5.8m, the company reported in a press release posted on the web site of the Ljubljana Stock Exchange.

Operating profit was down to EUR 129,600 from EUR 576,000 in the first quarter the year before.

The company said the operating figures were slightly below plans, but was confident to meet EUR 32.6m in operating revenues and EUR 2.7m planned for the year.

The spa operator recorded 106,219 overnight stays at accommodation facilities in Čatež, Mokrice (E) and Koper on the coast, and 154,584 visitors to its swimming pools in the first three months of the year.

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