ISSN (Print) - 0012-9976 | ISSN (Online) - 2349-8846

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EAST INDIA HOTELS-Better Deal for Tourism

EAST INDIA HOTELS has shown better results for 1986-87, Its turnover increased from previous year's Rs 46.76 crore to Rs 62.33 crore due to higher occupancies, room rates and also on account of the opening of The Oberoi' Bombay, the new 350-room hotel With costs rising in all directions, however, gross profit increased from Rs 12,17 crore to Rs 14.41 crore, reflecting reduced profit margins. Depreciation has claimed more and net profit is Rs 10.67 crore (Rs 9.87 crore). The unchanged dividend of 20 per cent is covered 3.02 times by earnings as against 2.79 times previously.

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