Soaltee Hotels profit rises by 97% till the second quarter

February 10, 2019 | Investopaper

Soaltee Hotels has published the unaudited second-quarter report of Fiscal Year 2075/76. The company has shown an impressive growth of 97% till the second quarter. The net profit stands at Rs. 15.16 crores as of the 2nd quarter this year. Last year, the hotel made a profit of Rs. 7.69 crores in the second quarter.

The paid-up capital of the company stands at Rs. 66.61 crores. The retained earnings and reserve remains at Rs. 92.36 crores. The total revenue till the second quarter has grown to Rs. 88.05 crores from Rs. 68.63 crores of the corresponding quarter previous year. The annualized EPS stands at Rs. 4.45 and the net-worth per share is at Rs. 23.87. The current ratio is at 1.43 as of the second quarter.


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