So that’s one reason why our profits did go up substantially
See rise in domestic biz
canada goose jacket canada goose outlet toronto location outlet Sunder Advani, CMD, Advani Hotels and Resorts is confident outperformance as canada goose outlet official seen its positive fourth quarter earnings will continue in the next fiscal year too. He believes the company will take its cues from canada goose outlet near me rise in domestic business. canada goose jacket outlet
canada goose outlet jackets With the dollar getting more canada goose outlet canada expensive, people have shown preference to travel within the country. With Goa being the most favoured canada goose outlet florida destination, their hotels have benefitted to a great extent, said Advani in an interview to CNBC TV18. canada goose outlet canada goose outlet kokemuksia jackets
canada goose outlet reviews For the fourth quarter ended canada goose outlet reviews March 31, 2016, the net profit was up 75 percent at Rs 4.2 crore versus Rs 2.4 crore reported for canada goose outlet paypal the canada goose outlet winnipeg address same quarter in the earlier fiscal year. Year on Year (YoY), total income was up 17.9 percent versus Rs 14.5 crore. EBITDA was up 50 percent at Rs 7.2 crore versus Rs 4.8 crore YoY. canada goose outlet reviews
canada goose outlet sale The average room rates also have risen canada goose outlet phone number 14 percent, said Advani. canada goose outlet sale
canada goose outlet According to the annual audited financial report, the income from operations for financial year 2015 16 has gone up by 9.5% to Rs. 53.10 crore lakhs as compared to Rs. 48.48 crore last year. However, the profits after tax increased by almost 78% from Rs. 3.6 crore to Rs. 6.4 crore due to increase in average room rates and reduction in interest costs due to repayment of existing loans. These canada goose outlet trillium parka black results have been achieved without any increase in capacity or additional facilities. canada goose outlet
canada goose outlet canada goose outlet in usa black canada goose outlet Canada Goose Outlet germany friday Below is the verbatim transcript of Sunder Advani’s interview with Latha Venkatesh Sonia Shenoy on CNBC TV18. canada goose outlet black friday
canada goose outlet store uk Sonia: canada goose outlet in montreal Can you canada goose outlet mall start off by telling us what lead to this good numbers and how much has the average room https://www.goosesale.ca rates increased for your hotels? canada goose outlet store uk
canada goose outlet toronto factory A: Yes, we did have a good year. Our gross canada goose outlet michigan income went up by 9.5 percent; our net profit went up by 78 percent after taxes. We did increase our average rates and we had a higher income as result of that. Of course, we have reduced our cost; our interest cost went down from Rs 169 lakh to Rs 104 lakh because we are almost debt free; we have paid off all our canada goose discount uk debts. canada goose outlet toronto factory
official canada goose outlet However, the other thing is that we had a reduction in our foreign business but canada goose factory outlet vancouver we have had an increase in our domestic business canada goose outlet woodbury and that has made up for the loss of the Russian business which was mainstay for most Goa hotels. So that’s one reason why our profits did go up substantially this year. official canada goose outlet
goose outlet canada Latha: How is it looking in FY17? You must already have a good idea of the pre bookings. Will you be able to register similar kind of growth? goose outlet canada
canada goose outlet store A: I would think so because the domestic market has picked up substantially and people are canada goose outlet orlando staying in India; they are not travelling abroad and of course our conference business is going up and so as the domestic package business. It looks good next year because canada goose outlet in toronto the dollar also is getting more expensive, so it’s much expensive to travel abroad, so people are staying within the canada goose jacket outlet store country and Goa is the number one destination in India. canada goose outlet store
canada goose outlet online uk canada goose outlet parka Latha: 18 percent revenue growth in the Q4 and 50 percent growth in EBITDA. What is the expected rate for FY17? canada goose outlet online uk
canada goose outlet uk sale A: Since lesser number canada goose outlet boston of rooms coming into Goa than any other city in India, we should have higher occupancy. canada goose outlet uk sale
canada goose canada goose outlet toronto factory black friday sale Sonia: Delta Corp also has about 36 percent stake in your company, any talks with them canada goose outlet us on plans that they would have to perhaps sell that stake? canada goose black friday sale
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canada goose outlet parka Sonia: What are your average room canada goose kensington parka uk rate and how much that has increased over the last quarter? canada goose outlet parka
canada goose outlet shop A: The average room rate has increased by about 14 percent. canada goose outlet shop
canada canada goose jacket outlet uk goose outlet uk Latha: Would you have further headroom or elbowroom to cut cost? canada goose outlet uk
canada goose outlet canada A: This is the average room canada goose outlet jackets rate which has gone up. The occupancy almost remains the same from last year and this year. canada goose outlet canada
canada goose outlet online Latha: I meant your cost, not the room rent? Would your cost have scope to reduce further? canada goose outlet online
canada goose outlet in usa A: We have some equipment which reduces the power consumption and that is the reason why our cost will continue to go down. The only increase has been in employee cost. It is hard to get people in hospitality industry, canada goose outlet online so that cost will continue to rise canada goose outlet in usa.
