EIH ASSOCIATED HOTELS: GOOD PROSPECTS
Article Abstract:
EIH Associated Hotels (EAH) is an arm of East India Hotels (EIH) of the Oberoi group. EIH holds 55 percent stake in EAH. EAH owns the Trident in Madras and the Rajvilas in Jaipur, both 5-star hotels. The Trident has 166 rooms and is managed by EIH. EIH gets 12.5 percent of the gross operating profits of EAH. After modernisation and expansion of the Trident in 1997, EAH's business has improved. The Rajvilas has 75 villas. It attracts foreign tourists. It started operating from April 1998. The location, occupancy rate and forex component of both hotels augur growth. The hotel industry in India is now hit by political instability, slowdown in the economy and international sanctions. (uh) ------------------------------------------------------------ Financial results of EIH Associated Hotels ------------------------------------------------------------ Particulars 1998-99 1997-98 (Rs in crore) ------------------------------------------------------------ Net sales 23.41 23.98 ------------------------------------------------------------ Other income 0.65 1.07 ------------------------------------------------------------ Gross profit 8.88 11.52 ------------------------------------------------------------ Interest 0.45 0.51 ------------------------------------------------------------ Depreciation 1.64 0.85 ------------------------------------------------------------ Tax 0.71 6.07 ------------------------------------------------------------ Net tax 6.07 8.45 ------------------------------------------------------------ Equity 10.50 10.50 ------------------------------------------------------------ Reserves 29.96 29.76 ------------------------------------------------------------ Net worth 40.46 37.28 ------------------------------------------------------------ EPS (Rs) 5.78 8.05 ------------------------------------------------------------ Book value (Rs) 38.53 35.50 ------------------------------------------------------------ Dividend (%) 25 25 ------------------------------------------------------------ >EN
Comment:
Is an arm of East India Hotels of the Oberoi group, which holds 55% stake in the company
Publication Name: Dalal Street Journal
Subject: Business, international
ISSN:
Year: 1998
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CROCODILE PLANS Rs18-CRORE MARKETING REVAMP
Article Abstract:
Crocodile Products Pvt Ltd, a joint venture between Crocodile International Pte Ltd of Singapore and Shivarams Associates of Coimbatore, has decided to invest Rs18 crore in 1999-2000 to strengthen its manufacturing, marketing and logistics base. It will initially concentrate on expanding its marketing reach by strengthening distribution network. It plans to appoint 12 distributors and increase its total network to 26 distributors by April 1999 and expand its retail base to 4000 outlets by May 1999 from 1850 outlets at present. It also plans to set up exclusive shops called Crocodile Corners at Bangalore, Hyderabad, Chennai and Coimbatore, with an investment of Rs12-15 lakh on each outlet. The company plans to increase its knitted products capacity from 1.20 million pieces now to 2 million pieces in 1999- 2000 and woven garments capacity from 3.20 lakh pieces now to 5 lakh pieces. (khr)
Comment:
Crocodile Products Pvt Ltd, a joint venture between Crocodile International Pte Ltd of Singapore and Shivarams Associates of Coimbatore, has decided to invest Rs18 crore in 1999-2000 to strengthen its manufacturing, marketing and logistics base.
Publication Name: Economic Times
Subject: Business, international
ISSN: 0013-0389
Year: 1999
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