Sinclairs Hotel Reports Half Yearly Income up 39%

By BW Hotelier SINCLAIRS HOTELS and Resorts announced their half yearly results for the period ended 30^th-September, 2015, Sinclairs Hotels’ Total Income increased by 39 per cent to Rs.1,739.54 lakhs (Rs.1,251.67 lakhs).- The Company’s EBIDTA from operations for the half year period increased by 68 per cent to Rs.724.17 lakhs (Rs.430.49 lakhs). The Net Profit for the half year period stood at Rs.327.26 lakhs (Rs.309.94 lakhs) while the Earnings per Share for the period stood at Rs.5.88 (Rs.5.56). Sinclairs Hotels continues to make good progress.- Its 6^th-property in Kalimpong, is showing healthy increase in occupancy.- The Company has recently commissioned the 7^th-property in its chain, Sinclairs Tourist Resort, Burdwan, which is the only property of its kind in Burdwan, an important destination in West Bengal. Speaking on the occasion, Navin Suchanti, Managing Director, Sinclairs Hotels Ltd (see photo) said, ’In an environment where most hotel companies are struggling with high debts and consequent high interest costs, Sinclairs Hotels performance stands out. It owns and operates seven properties and continues to remain debt free. The half year revenue growth is a reflection of the strong- performance during the year. ’ The company has strong fundamentals and its reserves (excluding revaluation reserves) as at 31^st-March, 2015 stood at Rs.6,187.95 lakhs on an equity share capital of Rs.557 lakhs last year.- The Company continues to be debt free.