EIH Associated Hotels PBT increased by 162%

1089 Investors following EIH Assoc Hotel. Share this News with them.

0

Like this story, share it with millions of investors on M3

EIH Associated Hotels PBT increased by 162%

EIH Associated Hotels Limited profit before tax increased by 162%. Profit after tax increased by 52%, Equity Dividend @ 8%

Post your opinion here

 

0

Tweet

Share on Tumblr

RELATED NEWS Escorts signs with IHI, HUATA to mkt of crawler,tower crane Block deal in EIH, stock up ALSO READ See latest News about EIH Assoc Hotel See previous management interviews See what other Experts & Brokerages are saying about EIH Assoc Hotel EIH Assoc Hotel BSE | NSE 25/05/12 Are Mutual Funds betting on EIH Assoc Hotel?

The Board of Directors of EIH Associated Hotels Limited at its Meeting held today announced the Audited Results for the financial year ended 31^st March, 2007.

The Operating Profit increased from Rs.37 crores to Rs.53 crores, an increase of 43%.

Profit before tax has increased from Rs.8.29 crores to Rs. 21.76 crores, an increase of 162%.

Profit after tax at Rs. 13.71 crores as against Rs. 8.99 crores in the previous year, reflects a growth of 52%.

An 8 % (Eight) Dividend on Equity Shares on the increased Equity Capital of Rs.19.59 crores has been recommended.

The Schemes of Arrangement, as approved by the concerned High Courts, have resulted in Indus Hotels Corporation Limited merging with the Company.

The Company now owns two 'The Oberoi' brand hotels totaling 150 keys and six " Trident Hilton " brand hotels totalling 732 keys.

While presenting the Financial Results for the year 2006-2007, Mr. P.R.S. Oberoi, Chairman of the Company said, "I am happy that the Company will now be a significant player in the Indian hospitality industry. I foresee continued growth of the Company".

Sourced From: Corporate Voice|Weber Shandwick