Soaltee Hotel Limited has proposed 52.63 percent dividend, including 40% bonus share and 12.632% cash dividend to its shareholders from the net profit it posted in the last fiscal year 2069/70.
A meeting of the five-star hotel has just taken the decision to this effect. It has also decided to hold its Annual General Meeting on December 16.
The proposed dividend is subject to the approval of the AGM.
In the last fiscal year, Soaltee Hotel’s profit increased by 11.97 percent to Rs 16.86 crore, up from Rs 15.06 crore in the previous fiscal year.
Though the hotel’s EPS declined 6.66% to Rs 7.85 from Rs 8.41 in the same period of the last fiscal, its net worth increased by a marginal 0.96% to Rs 36.92.
Meanwhile, the hotel earned handsome dividends from its investment in different companies. Soaltee collected total dividend of Rs 51.90 lakh, a growth of 85.76 percent compared to last year’s collection of Rs 27.94 lakh.
-sharesansar
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