Delta Holding profits up over first half of 2020

Delta Holding reported an operating profit before tax (EBITDA) of RSD 2.7 billion for the first six months of 2020, 9.3 percent more than for the same period in 2019. According to Delta Holding, sales came to RSD 30.33 billion during the period, 1.5 percent less than in 2019. The largest portion of the company's income was generated in agriculture (48 percent), followed by distribution (30 percent).

The hotel industry is one of the sectors hit hardest by the Covid-19 pandemic, a fact reflected in the results of the Crowne Plaza Belgrade hotel, which achieved just 19,636 overnight stays since January. That represents an occupancy level of 26.17 percent. Hotels InterContinental Ljubljana and Holiday Inn Belgrade had to close for business temporarily during the crisis.