EIH REGISTERS 11% FALL IN NET PROFIT
Article Abstract:
The net profit of EIH Ltd, which runs the Oberoi chain of hotels, declined by 11 percent in 1997-98 on a 2 percent drop in net income. Other income increased by 29 percent for the year, interest costs by 13 percent and depreciation costs by 30 percent during the year. But tax provision declined by 39 percent in 1997-98. (gsh) --------------------------------------------------------- Financial Results: EIH Ltd (Rs in crore) --------------------------------------------------------- Particulars 1997-98 1996-97 --------------------------------------------------------- Net Income 431.68 440.42 --------------------------------------------------------- Other Income 37.68 29.14 --------------------------------------------------------- Interest 13.90 12.32 --------------------------------------------------------- Depreciation 20.41 15.67 --------------------------------------------------------- Taxation 9.78 16.03 --------------------------------------------------------- Net Profit 123.25 138.12 ---------------------------------------------------------
Comment:
Reports decline in net profit by 11% in 1997-98 on a 2% drop in net income
Publication Name: Economic Times
Subject: Business, international
ISSN: 0013-0389
Year: 1998
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IHCL REGISTERS 6% FALL IN NET
Article Abstract:
Indian Hotels Company Ltd (IHCL) has posted a 6 percent decline in its net profit for 1997-98 to Rs137.96 crore (Rs146.88 crore in 1996-97). It has declared a dividend of 85 percent for 1997- 98. (rk) --------------------------------------------------------- Performance of Indian Hotels Company Ltd (Rs in crore) --------------------------------------------------------- Particulars 1997-98 1996-97 --------------------------------------------------------- Net sales 623.91 613.33 --------------------------------------------------------- Interest 25.19 45.55 --------------------------------------------------------- Depreciation 32.42 27.18 --------------------------------------------------------- Taxation 26.00 33.60 --------------------------------------------------------- Net profit 137.96 146.88 ---------------------------------------------------------
Comment:
Posts 6% decline in net profit for 1997-98 to Rs137.96 crore, as against Rs146.88 crore in 1996-97
Publication Name: Economic Times
Subject: Business, international
ISSN: 0013-0389
Year: 1998
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ITC HOTELS REGISTERS DROP IN NET PROFIT
Article Abstract:
ITC Hotels has posted a Rs4.8 crore decline in net profit for 1997-98. The group's income was Rs130.85 crore (Rs130.71 crore in 1996-97). The group turnover of the Welcomgroup chain was Rs395.13 crore. Profit before tax was Rs29.48 crore (Rs37.56 crore in 1996-97). The company's export income increased by 6 percent to Rs76.27 crore (Rs71.92 crore). It has declared a dividend of 30 percent. (gs)
Comment:
Has posted a Rs4.8 crore decline in net profit for 1997-98
Publication Name: Economic Times
Subject: Business, international
ISSN: 0013-0389
Year: 1998
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