HOTEL LEELAVENTURE LIMITED
Article Abstract:
Hotel Leelaventure Limited of Mumbai has declared a dividend of 35 percent on equity shares for the year ended March 31, 1998. (gsh) --------------------------------------------------------- Audited Financial Results: Hotel Leelaventure Limited (Rs in crore) --------------------------------------------------------- Particulars 1997-98 1996-97 --------------------------------------------------------- Operating Income 114.30 130.90 --------------------------------------------------------- Other Income 3.03 3.88 --------------------------------------------------------- Total Expenditure 58.21 68.15 --------------------------------------------------------- Interest 4.12 4.85 --------------------------------------------------------- Gross Profit 55.00 61.78 --------------------------------------------------------- Depreciation 6.48 9.16 --------------------------------------------------------- Loss on assets sold 0.61 0.50 -------------------------------------------------------- Miscellaneous expenditure written off 0.22 0.22 -------------------------------------------------------- Taxation 5.10 6.75 --------------------------------------------------------- Net Profit 42.59 45.15 --------------------------------------------------------- Paid-up equity share capital 32.73 32.73 --------------------------------------------------------- Reserves and Surplus 148.72 126.52 --------------------------------------------------------- Foreign Exchange Earnings 101.62 110.13 ---------------------------------------------------------
Comment:
Reports decrease in net profit to Rs42.59 crore for year ending 3/31/98, as against Rs45.15 crore in 1996-97
Publication Name: Economic Times
Subject: Business, international
ISSN: 0013-0389
Year: 1998
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ITDC PLANS THREE-STAR HOTEL IN JOINT VENTURE WITH TTDC
Article Abstract:
Indian Tourism Development Corporation (ITDC) is thinking of entering into a joint venture with Tamil Nadu Tourism Development Corporation (TTDC) to set up a three-star hotel at Chennai. TTDC has offered land for the project at Taramani in South Chennai. ITDC has so far set up seven joint venture hotels in Madhya Pradesh, Orissa, Bihar, Assam, Arunachal Pradesh, Pondicherry and Punjab. (khr)
Comment:
Is considering a joint venture w/ Indian Tourism Development to set up a three-star hotel in Chennai, India
Publication Name: Economic Times
Subject: Business, international
ISSN: 0013-0389
Year: 1998
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