Net profit of Sinclairs Hotels declined 64.58% to Rs 0.34 crore in the quarter ended September 2018 as against Rs 0.96 crore during the previous quarter ended September 2017. Sales declined 12.83% to Rs 6.93 crore in the quarter ended September 2018 as against Rs 7.95 crore during the previous quarter ended September 2017.

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Sinclairs Hotels will hold a meeting of the Board of Directors of the Company on 9 November 2018.

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Sinclairs Burdwan has been granted the Eligibility Certificate by West Bengal Tourism Development Corporation (WBTDC) under the West Bengal Incentive Scheme 2008.

The Eligibility Certificate will entitle the company to receive State CapitalInvestment Subsidy of Rs 1.20 crore for having successfully set up the project in a Category 'C' town.

In addition there will be other monetary benefits of Waiver of ElectricityDuty for a period of five years, Incentive on Generation of Employment fora period of seven years, subsidy for Quality Improvement of Rs 7.5 lakh and 50% reimbursement of stamp duty and registration fee paid for acquisition of land.

Spread over 4 acres of land right on the National Highway 2 (part of Golden Quadrilateral) Sinclairs Burdwan is a landmark in Burdwan and is the only upmarket property with well appointed rooms and suite, two restaurants, a lounge bar, extensive conference and banqueting facilities. It has become a popular destination for weddings, social functions and large conferences.

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Net profit of Sinclairs Hotels declined 44.67% to Rs 3.79 crore in the quarter ended June 2018 as against Rs 6.85 crore during the previous quarter ended June 2017. Sales declined 2.63% to Rs 15.20 crore in the quarter ended June 2018 as against Rs 15.61 crore during the previous quarter ended June 2017.

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