Trans Asia Hotels 4Q12 net down 28% to Rs.272 mn

Here too revenue was up 21 percent YOY to Rs.2.3 billion during 2012 while Gross profit too increased 27 percent YOY to Rs.1.5 billion during the year.

Administrative expenses and operating expenses increased 15 percent and 32 percent YOY respectively to Rs.551.4 million and Rs.262.7 million during the year under review.

A segmental analysis of the company revealed that the Hotel segment posted a revenue of Rs.2.3 billion for the year ended March 31, 2012 and the Investment property segment contributed Rs.55.7 million for the year.

Meanwhile during the year under review, Employees Provident Fund increased its stake in the Company to 2.14 percent from 0.39 percent from the previous year.