Business News

Terme Čatež Revenue, Profit Down in First Nine Months

Čatež ob Savi, 29 November (STA) - The group around spa operator Terme Čatež generated EUR 31.3m in net sales revenue in the first nine months of 2012, which is 3.1% less than in the same period last year. Net profit plummeted by 32.3% to EUR 2.3m, the company said on Thursday.

The core company generated EUR 24.65m in net sales revenues, down 4.2% year-on-year, while its net profit was down by 4% to EUR 3.1m, according to a report published on the web site of the Ljubljana Stock Exchange.

The spa operator, led by Bojan Petan, said the result was within the framework of what had been expected.

Terme Čater, which employed 454 people at the end of September, plans to finish the year with EUR 35.5m in business revenue and a net profit of EUR 3.1m.

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