Oriental Hotels Earns Net Profit of Rs 207.4 Mn

May 12, 2019 Merolagani

Oriental Hotels (OHL) has earned a net profit of Rs 207.4 million in the third quarter of the current FY compared to Rs 195.1 of the corresponding period of the last FY.

The company that is operating Hotel Radisson in Lazimpat, Kathmandu earned Rs 876.1 million through hotel business that was Rs 812.6 million in the review period of the last FY.

The company earned Rs 312.1 million through the operation that was Rs 298.2 million in the last FY.

The company spent Rs 213.6 million in employee expenses and Rs 107.5 million in food and beverages. Similarly, it spent Rs 122.6 in operation, Rs 61.7 in depreciation and Rs 123.1 in general expenses.

The company with the paid-up capital of Rs 1.07 billion has Rs 1.08 billion in reserve fund.

During the period, the company has EPS of Rs 19.31, net worth per share of Rs 266 and P/E ratio of 22.58 times.

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