Sinclairs Hotels declares 25% interim dividend

The Board of Directors of Sinclairs Hotels Ltd at their meeting held on 2nd February 2010 has declared an interim dividend of 25% i.e. Rs 2.50 per equity share of Rs 10 each, for the year 2009-10. This dividend will absorb a sum of Rs 1.77 crore including payment of dividend tax. The record date for purpose of dividend payment has been fixed as 12th February 2010. 

Sinclairs Hotels, which owns and operates five properties in India at Siliguri, Darjeeling, Chalsa, Ooty and Port Blair has performed well despite recessionary trends in the tourism industry. For the nine month period ended 31st December 2009, the Company posted total income of Rs 10.43 crore (Rs 10.23 crore) and net profit of Rs 2.57 crore (Rs 2.84 crore).