Net Loss of Asian Hotels (North) reported to Rs 7.22 crore in the quarter ended June 2017 as against net loss of Rs 22.84 crore during the previous quarter ended June 2016. Sales rose 4.08% to Rs 56.90 crore in the quarter ended June 2017 as against Rs 54.67 crore during the previous quarter ended June 2016.

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Asian Hotels (North) will hold a meeting of the Board of Directors of the Company on 10 August 2017, to consider, inter-alia, the Un-audited Financial Results for the first quarter ended 30th June, 2017

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Net profit of Asian Hotels (North) rose 368.98% to Rs 15.57 crore in the quarter ended March 2017 as against Rs 3.32 crore during the previous quarter ended March 2016. Sales rose 9.46% to Rs 69.41 crore in the quarter ended March 2017 as against Rs 63.41 crore during the previous quarter ended March 2016.

For the full year,net loss reported to Rs 15.61 crore in the year ended March 2017 as against net profit of Rs 3.18 crore during the previous year ended March 2016. Sales rose 4.18% to Rs 251.19 crore in the year ended March 2017 as against Rs 241.12 crore during the previous year ended March 2016.

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Asian Hotels (North) announced Gautam Ramanlal Divan, an Independent Non-executive Director of the Company resigned from the said office vide letter dated 10 February 2017. The resignation takes effect on 13 February 2017, being the date of receipt of the aforesaid letter by the Company.

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