trending Market Intelligence /marketintelligence/en/news-insights/trending/GhNy0Hae7GzR24vWvc2EkQ2 content esgSubNav
Log in to other products

Login to Market Intelligence Platform

 /


Looking for more?

Contact Us
In This List

Sinclairs Hotels fiscal Q2 profit falls YOY

Blog

Broadcast deal market recap 2020 – relatively good results in a challenging year

COVID: What’s the bottom line: Credit Impact of COVID-19 on US Municipals

Blog

LCD Case Study: Streamlining Internal Processes with Automated Data Delivery

Blog

LCD Case Study: Using Leveraged Loan Data to Assess a Bank’s Portfolio Risk


Sinclairs Hotels fiscal Q2 profit falls YOY

Sinclairs Hotels Ltd. said its normalized net income for the fiscal second quarter ended Sept. 30 was 31 Indian paise per share, a decline of 33.8% from 48 paise per share in the prior-year period.

Normalized net income, which excludes unusual gains or losses on a pre- and after-tax basis, was 1.7 million rupees, a decline of 34.1% from 2.6 million rupees in the prior-year period.

The normalized profit margin declined to 2.9% from 6.2% in the year-earlier period.

Total revenue climbed 41.8% on an annual basis to 60.2 million rupees from 42.5 million rupees, and total operating expenses grew 35.8% on an annual basis to 59.5 million rupees from 43.8 million rupees.

Reported net income decreased 60.7% from the prior-year period to 1.7 million rupees, or 30 paise per share, from 4.2 million rupees, or 76 paise per share.

As of Nov. 12, US$1 was equivalent to 66.10 Indian rupees.