Country Club India is targeting a growth of 30% on consolidated year-end earnings. Moreover, the company will focus on reducing debt by 30-35% either through Sale or joint venture (JV) of non-core assets or any other means available to the company.
Moreover, the company has completed large part regular capital expenditure and no more major cash outflow for capital expenditure for the next 2 years.
Country Club, with over 90 properties across the country and abroad, is one of the three major time-share holiday resorts companies in India; the other two being Club Mahindra and Sterling Holidays. Of its properties, 32 are company-owned, 23 are on long-lease and the rest are affiliated properties.
