Slovenia's Equinox net profit declines in Q1

LJUBLJANA (Slovenia), April 23 (SeeNews) - Slovenian real estate company Equinox [LJE:EQNX] recorded a net profit of 471,911 euro ($502,895) in the first quarter of 2024, down from 679,303 euro in the like period of last year, it said.

Net sales revenue fell to 1.6 million euro from 1.8 million euro, whereas earnings before interest, taxes, depreciation and amortisation (EBITDA) decreased to 1.16 million euro from 1.33 million euro, Equinox said in a filing with the Ljubljana Stock Exchange on Friday.

The company operates the Grand Hotel Union, uHotel, Hotel Lev and The Fuzzy Log hotels in Ljubljana.

Equinox, established on May 3, 2021, was the first real estate joint-stock company to join the Slovenian equity market. Its shares are listed on the standard market segment of the LJSE.

($ = 0.93842 euro)