Oberoi group company EIH Associated Hotels today posted 16.73 per cent increase in net profit to Rs 8.79 crore for the quarter ended March 31,2012.
The company’s net profit for the same period last fiscal was Rs 7.53 crore,it said in a filing to the BSE.
EIH Associated Hotels’ net sales for the quarter under review increased by 3.43 per cent to Rs 58.98 crore against Rs 57.02 crore in the same period of last fiscal 2010-11.
For the year ended March 31,2012,the company posted 11.15 per cent increase in net profit at Rs 13.35 crore against Rs 12.01 crore in 2010-11.
Its net sales increased by 8.21 per cent to Rs 187.69 crore in Fiscal 2011-12 compared to Rs 173.44 crore in 2010-11.
In yesterday meeting,the company’s board of directors of had proposed a dividend of Rs 3 per share for declaration at the Annual General Meeting to be held on August 9.
The firm’s scrip was trading at Rs 153.95 per share,up 1.18 per cent from the previous close on the BSE.