09 Dec 2019 | 8:35 AM


Asian Hotels (East) Q2 net profit down 17.23% at Rs 3.89 cr
  Asian Hotels (East) Ltd. | 06 Dec 2019 | 03:41 PM
Published on 11-15-2019
The company reported standalone net profit of Rs 3.89 crore for the quarter ended September 30 2019 as compared to Rs 4.70 crore in the same period last year registering a year-on-year decline of 17.23 per cent.

Net revenue of the company declined marginally by 2.97 per cent at Rs 22.58 crore in July-September quarter of this fiscal as against Rs 23.27 crore in the corresponding period last year.

During July-September quarter operating expenses increased by 0.26 per cent to Rs 19.28 crore from Rs 19.23 crore in year ago period.

Other Income grew by 12.58 per cent at Rs 3.40 crore versus (Sep`18 Rs 3.02 crore).

Operating Profit slipped by 18.32 per cent to Rs 3.30 crore as against Rs 4.04 crore in the year ago period while Operating Profit Margin (OPM) contracted year-on-year to 15.68 per cent in September quarter.

Taxation increased by 24.85 per cent at Rs 2.06 crore (Sep`18 Rs 1.65 crore).