East India Hotels (EIH) Ltd has posted a 27.5 per cent fall in its net profit which fell to Rs 11.02 crore for the quarter ended June 30, 2001 as against Rs 15.2 crore for the same period last fiscal.
Net sales and income from operations also recorded a 5.8 per cent fall from Rs 106.5 crore for the quarter ended June 30, 2000 to touch Rs 100.37 crore during the quarter ended June 30, 2001.
Other income, however, increased by 14 per cent to touch Rs 8.95 crore during the last quarter in 2001 as against Rs 7.79 crore in the corresponding period last year.
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EIH Ltd had recorded a 30.84 per cent increase in its net profit for the year ended March 2001. The company clocked a net profit of Rs 94.8 crore for the year 2000-2001 compared to Rs 72.4 per cent during 1999-2000.
Total income was 13.29 per cent higher at Rs 518.93 crore as against Rs 466.32 crore for the year ended March 31, 2000.
The board of directors of the company had recommended a dividend of Rs 6 per share (60 per cent) as against Rs 5 per share (50 per cent) in the previous year.