Soaltee Hotel net profit diminish by 88.78% to Rs 35.35 lakh

Soaltee Hotel Limited (SHL) renowned hotel of Nepal, has published its first quarter report of the FY 2074/75 today. It has reported massive decrease of 88.78 % in net profit to Rs 35.35 lakh down from Rs 3.15 crore of the corresponding quarter of the last FY 2073/74. Its current paid up capital stands at Rs 57.91 crore. Reserve and surplus of the company amounts to Rs 83.27 crore from Rs 76.84 crore. SHL’s earning per share (EPS) stands at Rs 0.06 per share and Net worth per share stands at Rs 24.38 and P/E ratio at 6,061.63 times. SHL’s par value per share is only Rs 10. Thus, every investor must be knowledgeable about the par value of this company as other company generally have par value of Rs 100, one must not be confused with this point. This might be the main reason of the investors to get attracted towards the stock of hotel company as EPS seems to be impressive with respect to the market price. SHL has announced 15% bonus shares and 6.05 % cash dividends to its shareholders from the profit it had earned in the FY 2073/74. Today is also the last day to clinch proposed dividends.