Soaltee Hotel AGM today to endorse 52.63% dividend including 40% bonus share

Soaltee Hotel Limited is holding its 39th Annual General Meeting today.

The AGM being held at the five-star hotel’s premises, inter alias, will endorse 52.63 percent dividend, including 40 percent bonus share to the shareholders from the net profit it posted in the last fiscal year 2069/70.

Election of the Board of Directors is also scheduled.

In the last fiscal year, Soaltee Hotel’s profit had 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 percent 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 percent to Rs 36.92.

Meanwhile, the hotel earned handsome dividends from its investment in different companies. Soaltee collected a total dividend of Rs 51.90 lakh, a growth of 85.76 percent compared to last year’s collection of Rs 27.94 lakh. - SSN