Asian Hotels and Properties records PBT of Rs. 2.78 b

Asian Hotels and Properties PLC released its Interim Results for the fourth quarter and 12 months ended 31 March 2014.
The recurring profit before tax (PBT) for the financial year 2013/14, excluding the fair value gains on investment property, was Rs. 2.78 billion, a marginal decrease of 1% over the recurring PBT of Rs.2.81 billion recorded in the previous year.
The recurring profit attributable to equity holders of the parent of Rs. 2.13 billion represented decrease of 0.3% in comparison to the Rs.2.14 billion recorded in the previous financial year.
The Group revenue for the financial year 2013/14 was Rs. 8.26 billion, this being an increase of 5% over the Rs.7.89 billion recorded in the previous financial year.