Sinclairs Hotels H1 Revenue up by 60%
Kolkata, 15th November, 2012: For the quarter ended 30th September, 2012, Sinclairs Hotels Limited posted a Total Income from Operations of Rs.309.57 lacs and a Net Loss of Rs.26.54 lacs.
For the half year ended 30th September, 2012, Total Income from Operations grew by 60% to Rs.862.35 lacs (Rs.543.60 lacs) while the Net Profit stood at Rs.63.78 lacs (Rs.134.78 lacs). The Net Profit is lower on account of higher depreciation and reduction in other income.
The Company’s ongoing projects – a luxury hill resort at Kalimpong and tourist resort with a club and banquet complex in Burdwan are in the final stages of completion and scheduled to open by March 2013. These two properties will substantially strengthen the Company’s top line as well as profits in the coming years. The Company is also executing a 112 room premier business hotel in Kolkata, for which it is awaiting final sanction.
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