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Profit before tax for the year under review stood at Rs 273.26 crore against Rs 349.84 crore in the previous corresponding year. Taxes consumed Rs 102.82 crore (Rs 132.62 crore).
The company’s total revenue for the year under review decreased to Rs 1073.06 crore from Rs 1155.11 crore in the previous corresponding year. Expenditure was marginally less at Rs 717.30 crore, against Rs 726.92 crore in the earlier corresponding period.
Total segment revenue for the year ended March 31, 2009, was Rs 1057.28 crore compared to Rs 1140.78 crore in the previous corresponding period. Revenue from the hotel segment accounted for Rs 1007.04 crore (Rs 1099.28 crore) while other segments accounted for Rs 50.24 crore (Rs 41.50 crore).
The Board of Directors of EIH Ltd has recommended a dividend of Rs 1.20 per share.
EIH Ltd chairman PRS Oberoi said in a release: "The financial year 2008-09 has been one of the most challenging in the company’s 59-year history. The credit crunch, the widening financial crisis, the increase in commodity and oil prices and significant exchange rate fluctuations have been contributing factors. The terror attacks on the company’s hotels in Mumbai further exacerbated business conditions."
Source| http://economictimes.indiatimes.com