City Hotel's Net Profit Declined By 3.84% in Q2; Investments Reach Rs. 19.07 Crores

City Hotel Limited (CITY) has posted a net loss of Rs. 10.09 crores in the second quarter of the fiscal year 2082/83, marking a 3.84% decrease from Rs. 10.49 crores in the same period of the previous year.

The company’s total revenue saw a decline of 1.44%, reaching Rs. 23.23 crore in Q2, compared to Rs. 23.57 crore in the corresponding quarter of the previous fiscal year. Meanwhile, total expenses for the quarter stood at Rs. 19.02 crores. Finance expenses recorded a sharp decline of 28.19%, amounting to Rs. 10.26 crore.

City Hotel Limited’s investment portfolio stands at Rs. 19.07 crores. The company’s other equity saw a decline of Rs. 4.41 crore in this quarter. The paid-up capital stood at Rs. 3.01 arba.

The net worth per share of the company was recorded at Rs.98.53, while the earnings per share (EPS) stood negative at Rs. 3.35 for the quarter.

Report:

Particulars (Rs in 000) City Hotel Limited
Q2 2082/83 Q2 2081/80 Difference
Paid Up Capital    3,013,200    1,674,000 80.00%
Other Equity       (44,174)     (267,133) -83.46%
Property, Plant and Equipment    4,870,729    5,032,832 -3.22%
Investment       190,735          47,770 299.28%
Revenue from Operation       232,398       235,791 -1.44%
Total Expenses       190,230       174,694 8.89%
Finance Cost       102,611       142,893 -28.19%
Net Profit     (100,938)     (104,969) -3.84%
Annualized EPS (In Rs.) -3.35 -6.27 -46.58%
Net Worth per Share (In Rs.) 98.53 84.04 17.24%
Qtr End P/E Ratio -   -   
Qte End Price 470 -