Oriental Hotels Increases Net Profit by 21%

Aug 13, 2018 Merolagani

Oriental Hotels (OHL) has increased its net profit by 21.20 percent to Rs 290.2 million compared to Rs 239.4 million of the previous FY.

During the period, the company earned income of Rs 1.17 billion which was Rs 1.10 billion in the previous FY.

Similarly, the company spent Rs 700 million in expenses. During the period, the company increased its other income, employee expenses, borrowing and loan and advances.

Presently, the company has a paid-up capital of Rs 934.2 million and reserve fund of Rs 1.11 billion.

The increased its net profit has increased its EPS to Rs 31.07 which was Rs 30.25 in the previous FY. The company has net worth per share of Rs 219.79.

comments powered by Disqus

Development Banks Record Minimal Degrowth

Apr 24, 2024 06:56 AM

The net profit of development banks has declined less compared to commercial banks and finance companies in the third quarter.

Gold and Silver Price Decline

Apr 25, 2024 10:37 AM