Friday, December 27, 2013

Soaltee Hotel to distribute dividend warrants from December 30

Kathmandu, December 27:


Soaltee Hotel Limited is distributing cash dividend warrants to the shareholders from December 30 for the net profit it posted in the last fiscal year 2069/70.


The dividend warrant/ cheque will be distributed from 2:00 PM to 5:00PM from the company’s registered office at Tahachal during the working days, according to a notice issued by the company today.


Soaltee’s AGM held earlier this month had endorsed 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.

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.

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