THE INDIAN HOTELS COMPANY LIMITED

Article Abstract:

The Indian Hotels Company Limited, which runs the Taj group of hotels, has recommended a dividend of 85 percent for the year ended March 31, 1998. (gsh) --------------------------------------------------------- Audited Financial Results: The Indian Hotels Company Limited (Rs in crore) --------------------------------------------------------- Particulars 1997-98 1996-97 --------------------------------------------------------- Sales and other operating income 595.11 576.82 --------------------------------------------------------- Other non-operating income 28.80 36.51 --------------------------------------------------------- Total income 623.91 613.33 --------------------------------------------------------- Gross profit 221.57 253.21 --------------------------------------------------------- Depreciation 32.42 27.18 --------------------------------------------------------- Interest 25.19 45.55 --------------------------------------------------------- Pre-tax profit 163.96 180.48 --------------------------------------------------------- Taxation 26.00 33.60 --------------------------------------------------------- Net profit 137.96 146.88 --------------------------------------------------------- Less: Foreign Exchange Earnings Reserve 35.00 38.00 --------------------------------------------------------- Add: Amount brought forward from 1996-97 13.60 11.90 --------------------------------------------------------- Amount available for appropriations 116.56 120.78 --------------------------------------------------------- Paid up share capital 45.12 45.12 --------------------------------------------------------- Reserves 767.68 671.86 ---------------------------------------------------------

Comment:

Reports drop in net profit to Rs137.96 crore for year ending 3/31/98 to Rs146.88 crore

Indian Hotels Company Ltd.

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BHARAT HOTELS LIMITED

Article Abstract:

Bharat Hotels Ltd of New Delhi has declared its unaudited financial results for the 6 months ended March 31, 1998. It has terminated its management agreement with Hilton International Company with respect to its hotel at New Delhi and proposed hotels at Mumbai and Goa. It has now entered into an operating agreement with Inter-Continental Hotels Corporation. It has a paid-up equity share capital of Rs2,213.33 lakh now. (khr) ------------------------------------------------------------ Unaudited financial results of Bharat Hotels Ltd (Rs in lakh) ------------------------------------------------------------ Particulars 6 months ended March 31 Year ended 1998 1997 31/3/1998 ------------------------------------------------------------ Income 5,256.39 5,086.68 8,694.96 ------------------------------------------------------------ Other income 1,362.62 769.95 2,078.35 ------------------------------------------------------------ Expenditure 4,193.79 2,899.72 6,412.41 ------------------------------------------------------------ Interest - 8.00 - ------------------------------------------------------------ Gross profit 2,425.22 2,948.91 4,360.90 ------------------------------------------------------------ Depreciation 252.70 311.37 538.70 ------------------------------------------------------------ Tax 356.00 475.00 650.00 ------------------------------------------------------------ Net profit 1,816.52 2,162.54 3,172.20 ------------------------------------------------------------ Equity 2,213.33 1,510.00 2,213.33 ------------------------------------------------------------ Reserves 16,914.91 7,202.37 19,805.99 ------------------------------------------------------------

Comment:

Reports termination of mgmt deal w/ Bharat Hotels w/ respect to hotel at New Delhi & proposed hotels at Mumbai & Goa in India

Use of services, New orders received, Hotel Management, Hilton International Co., Hotel management companies, Inter-Continental Hotels Group, Bharat Hotels Ltd.

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INDIAN RESORT HOTELS LIMITED: FINANCIAL RESULTS

Article Abstract:

Indian Resort Hotels Ltd of The Taj Group of Hotels has announced its unaudited financial results for the quarter ended December 31, 1998. (khr)

Taj Group of Hotels

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