Business
Final Results and Annual Repo
Final Results and Annual Repo.
About this update from Inspiration Healthcare Group Plc
[{"type":"text","content":"\n RNS Number : 6440T India Hospitality Corp. 30 September 2010 \n \n\nIndia Hospitality Corp.\n30 September 2010\n \nFinal Results and Annual Report and Accounts\n \nIndia Hospitality Corp. (AIM: IHC) (the \"Company\" or \"IHC\") is pleased to announce its audited final results for the financial year ended 31 March 2010. \n \nRavi Deol, IHC's Chief Executive Officer, commented, \"IHC assumed operating control of its subsidiaries in India with effect from 1 August 2009. The alignment of ownership and management has offered IHC the opportunity to take advantage of the large catering, hotels and restaurants sector within India. As a result, improvement in operating performance has been visible during the later half of the year. We continue to be excited about the prospects within India's emerging hospitality and food sector. We now have in place an aligned organisation with clear executable plans to deliver superior performance\". \n \nAnnual Report and Accounts\n \nThe Annual Report and Accounts will be posted to shareholders today and will be available on the Company's website www.indiahospitalitycorp.com. Extracts of the accounts for the financial year ended 31 March 2010 appear below. \n \nFor Further Information Contact:\nIndia Hospitality Corp.\n \nRajesh Mittal\n+91 22 4090 6177 \[email protected]\nwww.indiahospitalitycorp.com \nIndia\n \nNominated Adviser: Grant Thornton Corporate Finance\nFiona Owen / Robert Beenstock\n+44 20 7383 5100\n \nBroker: Execution Noble & Company Ltd\nJames Bromhead \n+44 20 7456 9191\n \n \nMedia Contact: Mutual Public Relations Ltd.\nHarsh Wardhan\n+91 11 4362 0700\n \n \nAbout India Hospitality Corp.\n \nIndia Hospitality Corp. is a diversified pan-Indian hospitality and leisure company. The Company is present in airline catering, hotel & restaurant segments, through its India-based subsidiaries Red Planet Restaurants Private Limited (formerly Mars Restaurants Private Limited) (\"Red Planet\") and SkyGourmet Catering Private Limited (\"SkyGourmet\"). \n \n \nChief Executive Officer's Statement\n \nIndia - Macro Economic Outlook\nThere was a significant slowdown in the growth rate in the second half of 2008-09, following the financial crisis that began in 2007. The real turnaround ca...