dolphin hotels ltd Management discussions


DOLPHIN HOTELS LIMITED ANNUAL REPORT 2004-2005 MANAGEMENT DISCUSSION AND ANALYSIS BUSINESS REVIEW: Higher occupancies and improvement in Average Room Rent (ARR) have contributed to the increase in turnover of your Company. The operating margins have also increased significantly. The Company had made a net profit of Rs.2.23 crores for the year, as against Rs.0.31 crore in the previous year. The arrears of depreciation amounting to Rs.2.30 crores, pertaining to the year 1998-99, have been provided. This would still leave a balance of Rs.2.99 crores under arrears of depreciation. Your Directors are hopeful of achieving better results in the coming years to clear these arrears and accumulated losses. Domestic business travel continues to grow, sustained by a buoyant economic environment. Your Company is gearing itself to take advantage of the increasing business and leisure travel, conferences and seminars. In order to meet the evolving expectations of the guests, renovation and upgradation of its properties, has been taken up in a phased manner. Enhancing guest satisfaction, continues to receive the attention of the top management.