Accor's profit grows 76.5% in the 1st semester and reaches 60 mi euros

SAO PAULO-the network of hotels Accor reached a net profit of 60 million euros in the first half, according to statement released on Tuesday. The figure, which represents parcel attributed to controllers, was 76.5% higher than in the same months last year.
But net revenue, in the same comparison, fell 1.8%. The billing, which ended at 2.59 billion euros, was hindered by the devaluation of the Australian dollar and mainly of the real against the euro. The losses with the two currencies were 29.6 million and 29.4 million euros, respectively.
Disregarding this adverse exchange rate effect and also asset sales, the activity would have grown. The recipe "adjusted" without that pressure rose 2.8%, with 8.4% high in the region that encompasses the Mediterranean countries, the Middle East and Africa, and 7.6% in the Americas.
Second performance report of the French company, the World Cup held in Brazil between June and July helped boost regional result in the first half. During this period, the Group also took the opportunity to invest 52 million euros to raise new buildings in Brazil and in the United Kingdom, especially.
The first half of the year also brought 2.7% cut in the cost of the company, to 1.79 billion euros. Operating expenses fell 2.5% and amounted to 431 million euros. With profitability gains enable am the 14.6 percent increase in operating profit, which was the 219 million euros.
The balance sheet also informs that the company facing investigation by the French recipe. The risk of having to pay up to 26 million euros, including interest on the time you have left to pay taxes. One of the investigated is the Brazilian subsidiary — which would have retained profits after restructuring of the group, in 2010.