Oriental Hotels pledges 10 percent bonus share; book closure from September 18.

ShareSansar, September 10:

Oriental Hotels Private Limited, which runs Radisson Hotel in Nepal, has pledged 10 percent bonus share to the shareholders from the impressive net profit it earned in the last fiscal year 2070/71.

This is the first time the hotel has pledged any dividend to the shareholders for any fiscal year ever since it floated its Initial Public Offering (IPO) back in 2057 BS.

According to Oriental Hotels, it has earned a net profit of Rs 21 crore in the last fiscal year, which is a significant gain as compared to a loss of Rs 15.94 crore it suffered in the previous fiscal year 2069/70.

Its earning in the last fiscal year stood at Rs 1.07 arba  while its operating cost was Rs 63.47 crore.

Meanwhile, the company has announced book closure for its upcoming AGM from September 18.