The loss of LRH of almost 17 million kuna damages the image of the entire destination?

first_imgAlthough LRH is on sale, it is still uncertain who the new buyer will be. At the moment, the only thing that is certain is that it will not be Singapore Investment Fund because the company, for technical reasons, cannot provide them with a five-star lift. What deters potential buyers from the company is allegedly the price, but also the idea of ​​separating non-functional assets into a separate company, and selling only the core business of the company, which is not in the interest of the local community. When the company will be sold, to whom and at what price, remains to be seen. Although the total revenues of LRH of HRK 322,7 million for 2018 are at the level of the previous one, total expenditures increased by almost 12 percent, to HRK 339,4 million. Expenditures for employees had the largest impact, rising by HRK 33,7 million. Among the figures is that the loss of LRH amounted to as much as 16,7 million kuna, but it is an interesting fact that now the former President of the Management Board Igor Šehanović was paid a bonus of 14,1 million kuna. ( ZSE report ) Source: ZSE / Novi List – Photo: Remisens Hotels & Villas / Facebook In June last year, the Supervisory Board of the Republic of Croatia approved the termination of the contract of the President of the Management Board Igor Šehanović, which agreed on the payment of bonuses of HRK 14,1 million, while the total gross amount is slightly more than HRK 28 million. Last week, the Zagreb Stock Exchange (ZSE) published a report on the financial condition of Liburnija Riviera Hotel for 2018. Mayor of Opatija Ivo Dujmić, for Novi List stated that this business result greatly damages the image of the Opatija Riviera. “And that is why I think that such moves must not damage the image of the destination. Given that LRH is the most economically important hotel group in Liburnia, the City, through the company Nova Liburnija, warned in an open letter that this payment could result in such a negative business result. But now the situation is as it is and I believe that the current and future owner and management will no longer make such decisions, or that the business will go in the direction of destination development. In previous periods, it was not a practice to pay a dividend, but it was reinvested in raising the quality of facilities, and I hope that a new investor will come on this path who will further invest in the development and raising the value of the company and the destination itself.”, Commented Dujmić. SINGAPORE INVESTMENT FUND WANTS TO BUY LIBURNIA RIVIERA HOTELS RELATED NEWS:last_img read more

Lady Bulldogs Wrap Up Swimming Season At The Sectionals

first_imgSouth Dearborn (77)Batesville (56)South Ripley (52)Trinity Lutheran (40)Oldenburg Academy (26)Lawrenceburg (0) At the finals sessions on Saturday, Sonja Gaulin, a junior, led the team individually with a 15th and 16th place finish in the 100 Free and 50 Free, respectively. Sophomore Maria Lopez capped off the individual swims with a 16th place in the 100 Fly.  All three relays finished in the top 14 (while the event scored to 16, this sectional only has 14 total teams competing). The 200 Medley relay of Claire Sunderman, Lilly Wonnell, Lopez and Callie Main finished in 12th while the 200 Free relay team of Gaulin, Main, Paige Oldham and Gwen Martin came away with a win in the consolation heat, finishing in 9th overall. The lone podium effort came from the Lady Bulldogs’ 400 Freestyle Relay (seeded eighth, Gaulin, Lopez, Oldham, Martin) coming back from an early deficit and earning a 7th place finish while dropping eight seconds off the preliminary time. Bloomington South (441)Bloomington North (356.5)Columbus North (349)East Central (218)Greensburg (212.50)Columbus East (198)Milan / Edgewood (107) The Bulldog men will be traveling to Columbus North High School on February 20 to enter the IHSAA tournament series with Sectional Prelims Thursday at 5:30 pm. Finals will be held at Columbus North on Saturday, Feb 22 beginning at 1:00 pm.Courtesy of Bulldogs Coach Greg McMullen. UP NEXTThe Lady Bulldogs are wrapped up for the season and will be back in action in Fall 2020.  NOTABLESMaria Lopez scored in the 100 Fly for the second year in a rowSonja Gaulin was the only Lady Bulldog to qualify in all 4 events from prelims to finals Closing out the season with the IHSAA Sectional meet at Columbus North, the Lady Bulldogs put 3 individuals and 3 relays in scoring position following the Thursday night preliminary session.  TEAM SCORESlast_img read more