indian hotels co ltd (IH) Snapshot

The Indian Hotels Company Limited announced that the Board of Directors of the company at its meeting held on May 30, 2013, recommended a dividend of INR 0.80 per ordinary equity share of INR 1 each fully paid up of the company, compared to INR 1 per ordinary equity share of INR 1 each fully paid up for the previous year. The dividend, if declared at the AGM, will be paid on and from August 03, 2013, to the members entitled to receive the same.

The Indian Hotels Company Limited announced audited standalone earnings results for the fourth quarter and full year and consolidated earnings results for the full year ended March 31, 2013. For the quarter, the standalone company reported net sales were INR 5,558.3 million against INR 5,601.5 million a year ago. Profit from operations before other income, finance costs and exceptional items was INR 1,353.4 million against INR 1,273 million a year ago. Loss from ordinary activity before tax was INR 3,065.3 million against profit of INR 1,065.6 million a year ago. Loss from ordinary activities after tax was INR 3,389 million against profit of INR 652.1 million a year ago. Basic and diluted loss per share was INR 4.26 against profit of INR 0.86 a year ago. For the year, the standalone company reported net sales were INR 18,758.6 million against INR 18,087.3 million a year ago. Profit from operations before other income, finance costs and exceptional items was INR 2,793.9 million against INR 2,920.3 million a year ago. Loss from ordinary activity before tax was INR 2,097.9 million against profit of INR 2,299.2 million a year ago. Loss from ordinary activities after tax was INR 2,766.1 million against profit of INR 1,453.5 million a year ago. Basic and diluted loss per share was INR 3.47 against profit of INR 1.91 a year ago. For the year, the consolidated company reported net sales were INR 37,433.6 million against INR 34,435.2 million a year ago. Profit from operations before other income, finance costs and exceptional items was INR 2,492.2 million against INR 2,901.8 million a year ago. Loss from ordinary activity before tax was INR 2,917.9 million against profit of INR 1,475.7 million a year ago. Loss from ordinary activities after tax was INR 3,907.5 million against profit of INR 258.2 million a year ago. Basic and diluted loss per share was INR 5.40 against profit of INR 0.04 a year ago.

The Indian Hotels Company Limited announced that they will report fiscal year 2013 results on May 30, 2013