ITC HOTELS LIMITED
Article Abstract:
ITC Hotels Limited, New Delhi, recorded a net profit of Rs26.21 crore in 1997-98. The board of directors has announced a 30 percent dividend for 1997-98. (gsh) ------------------------------------------------------------ Audited Financial Results - ITC Hotels Limited (Rs in crore) ------------------------------------------------------------ Particulars 1997-98 1996-97 ------------------------------------------------------------ Income from operations 130.37 129.24 ------------------------------------------------------------ Other Income 0.48 1.47 ------------------------------------------------------------ Total Expenditure 90.68 83.83 ------------------------------------------------------------ Interest 4.45 4.72 ------------------------------------------------------------ Gross Profit 35.72 42.16 ------------------------------------------------------------ Depreciation 6.24 4.60 ------------------------------------------------------------ Profit before tax 29.48 37.56 ------------------------------------------------------------ Taxation 3.27 6.51 ------------------------------------------------------------ Net Profit 26.21 31.05 ------------------------------------------------------------ Paid-up equity capital 30.21 30.21 ------------------------------------------------------------ Reserves 178.59 162.36 ------------------------------------------------------------ Foreign Exchange earnings 76.27 71.92 ------------------------------------------------------------ Earnings per share (Rs) 8.67 10.28 ------------------------------------------------------------ Dividend per share (Rs) 3.00 3.00 ------------------------------------------------------------
Comment:
Records decrease in net profit to Rs26.21 crore in 1997-98 vs net profit of Rs31.05 crore in 1996-97
Publication Name: Economic Times
Subject: Business, international
ISSN: 0013-0389
Year: 1998
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ASIAN HOTELS LIMITED
Article Abstract:
Asian Hotels Limited of New Delhi has announced its financial results for the year ended March 31, 1998. It has proposed a total dividend (60 percent plus 30 percent) of 90 percent for 1997-98. (gs) ------------------------------------------------------------ Audited financial results of Asian Hotels Limited ------------------------------------------------------------ Particulars Year ended March 31 (Rs in crore) 1998 1997 ------------------------------------------------------------ Sales, services 150.22 166.41 ------------------------------------------------------------ Other income 9.18 8.79 ------------------------------------------------------------ Expenditure 78.26 77.96 ------------------------------------------------------------ Interest 0.58 0.03 ------------------------------------------------------------ Gross profit* 80.56 97.21 ------------------------------------------------------------ Depreciation 4.28 3.92 ------------------------------------------------------------ Tax written back 1.18 - ------------------------------------------------------------ Tax 7.17 13.85 ------------------------------------------------------------ Net profit 70.29 79.44 ------------------------------------------------------------ Equity 22.80 22.80 ------------------------------------------------------------ Reserves 192.64 144.92 ------------------------------------------------------------ * Before depreciation and taxation ------------------------------------------------------------
Comment:
Announces its financial results for the year ended 3/31/98 & proposes total dividend (60% plus 30%) of 90% for 1997-98
Publication Name: Economic Times
Subject: Business, international
ISSN: 0013-0389
Year: 1998
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ASIAN HOTELS LIMITED
Article Abstract:
Asian Hotels Limited of New Delhi has declared its unaudited financial results for the quarter ended June 30, 1998. It owns the Hyatt Regency hotel in Delhi. (ag) ------------------------------------------------------------ Unaudited financial results of Asian Hotels Limited ------------------------------------------------------------ Particulars Quarter ended Year ended (Rs in crore) 30/6/1998 31/3/1998* ------------------------------------------------------------ Sales, services 30.65 150.22 ------------------------------------------------------------ Other income 1.89 9.18 ------------------------------------------------------------ Expenditure 17.15 78.27 ------------------------------------------------------------ Interest 0.37 0.58 ------------------------------------------------------------ Depreciation 1.18 4.27 ------------------------------------------------------------ Profit before depreciation, tax 15.02 80.55 ------------------------------------------------------------ Tax 1.30 7.17 ------------------------------------------------------------ Net profit 12.54 69.11 ------------------------------------------------------------ Equity 22.80 22.80 ------------------------------------------------------------ Reserves - 192.64 ------------------------------------------------------------ * : Audited ------------------------------------------------------------
Comment:
Posts net profit of Rs69.11 crore for year ended 3/31/98
Publication Name: Economic Times
Subject: Business, international
ISSN: 0013-0389
Year: 1998
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