BEST EASTERN HOTELS LIMITED
ANNUAL REPORT 2006-2007
MANAGEMENT DISCUSSION AND ANALYSIS
The overall performance of the company showed considerable improvement as
compared to the previous year with revenues growing by 17%. The total
revenue of the Company for the year ended 31st March, 2007 was Rs. 349.83
lacs (previous year Rs. 299.04 lacs), the profit before tax is Rs. 103.41
lacs (previous year Rs. 64.76 lacs) and profit after tax was Rs. 68.96 lacs
(previous year Rs. 37.49 lacs). The goodwill of your company coupled with
improvements in services, ambience and facilities have resulted in
increased profits. The occupancies have also shown a marginal increase as
compared to the previous year along with improvement in ARR.
Dividend on Equity and Preference Shares:
Your Directors had paid a dividend of Rs. 1.50/- (15%) per equity share of
Rs. 10/- each & Rs. 1.20 (12%) on Preference Shares of Rs. 10/- each for
the year ended 31st March, 2007 and considering the working of the company
during the year, your Directors do not recommend any final dividend. The
same is to be treated as final dividend and to be taken on record at the
ensuing Annual General Meeting. The total amount of dividend outgo was Rs.
45.24 Lacs including dividend tax (previous year dividend outgo Rs. 35.63
lacs including dividend tax).