Posted on 20 February 2012
Hotel chain Danubius increased revenue by 11 per cent to HUF 10.7 billion (EUR 36.41 million) in the fourth quarter last year but still booked a pre-tax loss of HUF 2.3 billion (EUR 7.83 million), an increase of 52 per cent. The company said the reason for the significant loss was mainly the one-off cost associated with staff reduction.
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