- News |
-
- Featured
-
Canada’s privacy commissioner launches investigation over the use..
As the years pass by, technology also widens, and more and more are being discovered. From simple gadgets..
- Business |
-
- Featured
-
Be an informer to I-T dept; earn up..
Sharing "specific information" with the income tax department about any benami..
- Tech & Industry |
-
- Featured
-
Gravitational wave event likely signaled birth of black..
The merger of two neutron stars that generated gravitational waves detected last year may have led to the birth..
- Entertainment |
-
- Topics
- Malayalam Film
- Media
- Music
- Youth
-
- Featured
-
Shawn Mendes Released Highly Anticipated Self-Titled Album Today
Los Angeles, CA : Multi-Platinum singer/songwriter Shawn Mendes released his highly anticipated self-titled third album today, via Island Records. Get..
-
- New Products |
-
- Topics
- General
-
- Featured
-
ZOTAC Introduces Its GeForce GTX 960 series graphics..
Dubai- ZOTAC International, a leading innovator and manufacturer of graphic cards and mini-
-
- Education |
-
- Topics
- Campus News
-
- Featured
-
ITM University, Gurgaon Student Palash Chhabra Represents Varsity..
New Delhi: Palash Chhabra, a student of ITM University,..
-
- Health |
-
- Topics
- Medical News
-
- Featured
-
Maharshi Shushruta, The Great Grandfather of Surgery!
by Ayurvedacharya Dr.Hitesh Jani Dr.Hitesh Jani
-
- Tourism |
-
- Topics
- Travel
- Food&Beverages
- Hospitality
-
- Featured
-
“Keraliya Ayurveda is Credible and Authentic”
Irina Gurjeva Irina Gurjeva is not just another vacationer in..
-
- Sports |
- Editor's column |
- Magazine |
Sinclairs Hotels announces half yearly results : Upgrades Port Blair property to drive Company’s growth
Published on November 10, 2018
By Sachin Murdeshwar
Kolkata: For the quarter ended 30th September, 2018, Sinclairs Hotels Ltd. posted a Total Income of Rs.840.03 lakh (Rs.844.26 lakh), while its Profit After Tax stood at Rs.34.13 lakh (Rs.95.61 lakh). For the half year ended 30th September, 2018, the Company posted a Total Income of Rs.2410.41 lakh (Rs.2487.06 lakh) and its Net Profit 
declined to Rs.412.64 lakh (Rs.780.34 lakh).
The Company’s performance in the current quarter was affected on account of the closure of its iconic Port Blair property for extensive upgradation. After a complete makeover, the Port Blair unit has commenced operations in October 2018 and is registering around 40% higher ARR (Average Room Rate).
The large banquet hall at Sinclairs Retreat Dooars, has been commissioned and the Company has started receiving bookings for this facility.
The Company has received several proposals for strategic alliances, partnerships, investment and joint development, and is evaluating these proposals. A decision is expected to be taken soon and the commencement of construction of the Kolkata hotel project would be based on this decision.
