Trans Asia Hotels posts Rs. 816 m pre-tax profit

Thursday, 29 May 2014 00:00 - - {{hitsCtrl.values.hits}}

Trans Asia Hotels PLC released its interim results for the fourth quarter and 12 months ended 31 March 2014. The recurring profit before tax (PBT) for the financial year 2013/14, excluding the fair value gains on investment property, was Rs.816 million, a decrease of 5% over the recurring PBT of Rs. 857 million recorded in the previous year. The recurring profit attributable to equity holders of Rs.743 million represented a decline of 4% in comparison to the Rs.777 million recorded in the previous financial year. Revenue for the financial year 2013/14 was Rs.2.94 billion, this being an increase of 3% over the Rs. 2.84 billion recorded in the previous financial year.

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