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Asian Hotels West Q4 net dips 31% to Rs 7.67 crore

Rising temperatures and inadequate water supply result in shrinking fruit and vegetable production during summer months, and storing farm produce for long periods in the hot and humid climate adds to difficulties.

The JPMorgan headquarters at Canary Wharf in London.
The JPMorgan headquarters at Canary Wharf in London.

Asian Hotels West Ltd on Thursday said its net profit for the quarter ended March 31, 2012 declined 30.88 to Rs 7.67 crore, compared to the same period last year.

The firm's net profit for the three-months ended March 31, 2011 was Rs 5.86 crore, it said in a filing to the BSE.

The company's net sales for the fourth quarter declined marginally to Rs 36.85 crore, compared to the same period last year.

The firm's net sales for the three-months ended March 31, 2011 was Rs 36.87 crore, the filing said. For the year ended March 31, 2012, the hospitality firm's net profit declined 21.23 per cent to Rs 13.32 crore, as against Rs 16.91 crore in 2010-11.

Its net sales also fell 3.12 per cent to Rs 130.33 crore, against Rs 134.54 crore in 2011-12.