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Article: Danubius: Czech subsidiary Lecebne lazne posts 3% sales growth, profit declines 6% in H1.
- Article from:
- Hungary Business News
- Article date:
- August 7, 2003
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Danubius: Czech subsidiary Lecebne lazne posts 3% sales growth, profit declines 6% in H1
Budapest. August 7. INTERFAX-EUROPE - The Lecebne lazne Marianske Lazne (LLML) spa complex in the Czech Republic, a subsidiary of Hungary's Danubius hotel group, posted 3% growth in sales revenues to CZK 297.3 million (USD 10.5 million) in the first six months of 2003, while its profit fell by CZK 1.8 million or 5.9% to CZK 28.9 million (USD 1 million) in the period, Interfax reported from Prague.
LLML general director Lev Novobilsky said the higher sales were achieved thanks to the advantageous exchange rate for the Czech crown compared to the ...