Oriental Hotels has reported results for fourth quarter and year ended March 31, 2018.
The company has reported a fall of 16.06% in its net profit after taxes, non-controlling interest and share of profit of associates at Rs 5.75 crore for the quarter ended March 31, 2018 as compared to Rs 6.85 crore for the same quarter in the previous year. However, total income of the company increased by 5.14% at Rs 102.45 crore for quarter under review as compared to Rs 97.44 crore for the quarter ended March 31, 2017.
For the year ended March 31, 2018, the company has posted around 4 fold jump in its net profit after taxes, non-controlling interest and share of profit of associates at Rs 6 crore as compared to Rs 1.54 crore for the same period in the previous year. Total income of company increased by 7.04% at Rs 368.88 crore for year under review as compared to Rs 344.61 crore for the period ended March 31, 2017.
