Royal Orchid Hotels FY'07 net up 60%

Royal Orchid Hotels Ltd (ROHL) on Friday reported a 59.9 per cent increase in net profit at Rs 33.91 crore for the year ended March 31, 2007 and has recommended a 60 per cent dividend for the year.

The company's stand alone profit in 2005-06 stood at Rs 21.2 crore.

Total income during 2006-07 grew 46 per cent to Rs 91.18 crore as against Rs 62.48 crore in the previous fiscal.

The Board of Directors has recommended a dividend of 60 per cent, subject to approval by the shareholders, an ROHL statement said.

The consolidated profit after tax for ROHL is Rs 35.26 crore, a 52.97 per cent rise from the Rs 23.05 crore registered in 2005-06. Total income grew 44 per cent during the year to stand at Rs 124.1 crore as compared to the Rs 85.9 crore recorded in the year ago period.