Soaltee Hotel’s Income Increases with Increase in Tourists' Arrival

May 10, 2024 10:15 AM Merolagani

Soaltee Hotel (SHL) has published third quarter report of the current FY.

As per the report, its net profit has increased by 11.08 percent to Rs 412.3 million in the review period compared to Rs 371.1 million of the corresponding period of the last FY.

In recent days, tourists’ arrival in Nepal has increased which has plummet business for hotels. It has reflected in the income of Soaltee Hotel as well. during the period, the hotel earned Rs 1.68 billion through business which was Rs 1.05 billion in the review period of the last FY.

Similarly, the hotel has operating income of Rs 512.7 million which was Rs 460 million in the last FY.

The hotel with Rs 928.9 million in paid-up capital has reserve fund of Rs 1.35 billion. It logged EPS of Rs 4.44 and net worth per share of Rs 24.58.

 

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