Howard Hotels standalone net profit declines 46.59% in the March 2017 quarter

Sales rise 2.16% to Rs 2.84 crore

Net profit of Howard Hotels declined 46.59% to Rs 0.47 crore in the quarter ended March 2017 as against Rs 0.88 crore during the previous quarter ended March 2016. Sales rose 2.16% to Rs 2.84 crore in the quarter ended March 2017 as against Rs 2.78 crore during the previous quarter ended March 2016.

For the full year,net loss reported to Rs 0.03 crore in the year ended March 2017 as against net profit of Rs 0.02 crore during the previous year ended March 2016. Sales rose 9.00% to Rs 8.72 crore in the year ended March 2017 as against Rs 8.00 crore during the previous year ended March 2016.

ParticularsQuarter EndedYear EndedMar. 2017Mar. 2016% Var.Mar. 2017Mar. 2016% Var.Sales2.842.78 2 8.728.00 9 OPM %11.2722.66 -6.196.25 - PBDT0.520.83 -37 0.660.58 14 PBT0.460.79 -42 -0.04-0.07 43 NP0.470.88 -47 -0.030.02 PL

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