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Asian Hotels (West) reports 62% decline in Q1 net profit

04 Aug 2012 Evaluate

Asian Hotels (West) has reported results for first quarter ended June 30, 2012.

The company has reported a fall of 61.54% in its net profit at Rs 1.10 crore for the quarter under review as compared to Rs 2.86 crore for the same quarter in the previous year. The total income from operation of the company has decreased by 7.45% at Rs 30.81 crore for Q1FY13 as compared Rs 33.29 crore for the corresponding quarter previous year.

Asian Hotels (West) has recommended dividend of 40% for the Financial Year 2011-12 i.e. Rs 4 per equity share on the equity share capital of the company.

Peers
Company Name CMP
The Indian Hotels Co 743.00
ITC Hotels 161.35
Mahindra Holi.&Resor 201.65
EIH 301.55
Chalet Hotels 883.00
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