The sales of Danubius Hotels increased

The Danubius Hotels Group’s fourth quarter sales  increased by 11 percent to 10.7 billion HUF, while annual revenues grew by 2 percent to 44 billion HUF, while quarterly pre-tax loss was 2.3 billion HUF, the annual pre-tax loss became 145percent to 2.34 billion.

The euro recorded revenue last year grew by 1 percent, the Hungarian market performed well,  especially in the fourth quarter beside the annual run-up of the Czech and Romanian markets.

In the fourth quarter, the EBITDA was 183 million HUF and operating profits also improved, mainly due to the weakening of the forint – reports MTI.