Home ›› 01 May 2023 ›› Stock
Unique Hotel and Resorts PLC, the owner company of The Westin Dhaka, posted an excellent surge in its profits in the first nine months (Jul’22-Mar’23) of the fiscal year 2022-23.
The country’s leading hotel and hospitality management company reported Tk 163.6 crore in net profit in the July-March period of the current fiscal, which was nearly 70 per cent higher than the profit of Tk 96.2 crore in the same period last fiscal.
The listed company’s earnings per share (EPS) surged to Tk 5.56 at the end of the first three quarters from Tk 3.27 at the end of the corresponding period last fiscal, as per a filing available on the Dhaka Stock Exchange (DSE) website.
Meanwhile, its EPS for the January-March quarter of the fiscal 2022-23 was Tk 4.04, up from Tk 3.00 for the same quarter last year.
The company’s earnings increased due mainly to its gains from the sale of ordinary shares in the subsidiary company – Unique Meghnaghat Power Limited, the listed company said in its latest financial statement.
The hotel and hospitality management company reported a net asset value (NAV) per share of Tk 89.03 as on March 31, 2023, compared to Tk 84.91 till June 30, 2022.
Unique Hotel and Resorts paid a 15 per cent cash dividend to its general shareholders for the year ended in June 2022, up from 10 per cent given for the previous fiscal year.
The company’s EPS for the fiscal year 2021-22 was Tk 3.20, up from Tk 1.32 for the previous fiscal.
Unique Hotel and Resorts shares closed at Tk 83.30 per share, up 1.83 per cent on the DSE trading floor on Sunday.
With a market capitalisation of Tk 2408 crore, the company has a paid-up capital base of Tk 294 crore.
It also has a surplus reserve of Tk 1,581 crore.
Incorporated in 2000, Unique Hotel and Resorts received approval to operate business under the brand name ‘The Westin Dhaka’ in 2007.
The company also owns the five-star Sheraton hotel in the capital’s Banani, and the HANSA in Uttara.
