It is my pleasure to interact with all my shareholders to give an overview of theCompany's performance for Financial Year 2016-17. It was another challenging year for yourcompany which has been moving ahead with its forward-looking vision aims to achieve itsvarious targets and focus on strengthening the Balance Sheet.
It is our diversified segmental presence which adds to our sustainable performance. Wecontinue to venture into new projects targeting all the sectors of the audience. Thisensures balance in marketing and increased revenue resulting in efficient working capitalbase. Further our continued presence in various ventures provides the necessary shieldagainst industry slow down and enhances our goodwill which we expect to leverage in ourprojects.
The Company has posted a net profit of Rs. 6.55 Lakhs for the year ended 2016-17.Further I am grateful to all our shareholders for your consistent support and I canassure you that we in VMV Holidays Limited will continue to strive very hard to be worthyof your trust.