JKTDC clocks `21 cr revenue this fiscal
Holds Annual General Meet
GK NEWS NETWORK
Jammu, Dec 7: The Minister for Tourism and Culture, Nawang Rigzin Jora today chaired the annual general meeting of Jammu and Kashmir Tourism Development Corporation (JKTDC).
The meeting adopted the annual general meeting accounts for 2000-01, 2001-02, 2002-03 audited by statutory auditors and Comptroller and Auditor General (CAG), besides reviewing the performance of the corporation for the current year.
Managing Director, JKTDC informed the shareholders that during 2000-01 the corporation registered a revenue receipt of Rs 1377.32 lakh against the expenditure of Rs 1265.41 lakh leading to a net profit of Rs 111.91 lakh.
The Minister instructed the management to ensure early compilation of all accounts of the Corporation. He underscored the need for making JKTDC more viable commercial venture. The MD of the Corporation assured the shareholders that all efforts would be taken to make the corporation more viable and profitable. He said during last two years, the Corporation cleared accounts of 10 years up to 2002-03 and placed the same before shareholders for adoption after proper auditing by the statutory auditors and Comptroller and Auditor General.
He said the auditing of rest of the accounts up to 2009-10 are presently under scrutiny of auditors and assured that same would be placed before shareholders for adoption before end of the current financial year.
About the performance of the company for current fiscal, the meeting was informed that it registered a revenue receipt of Rs 2145.86 lakh till the end of October 2011 against the revenue receipt of Rs 1672.59 lakh during the comparable period of last financial Year.
Commenting on the performance of the Corporation, the shareholders desired that all sort of comfort should be made available at the lodges and restaurants of the corporation to attract more and more guests thereby increasing the income of the Company.
Lastupdate on : Tue, 6 Dec 2011 21:30:00 Makkah time
Lastupdate on : Tue, 6 Dec 2011 18:30:00 GMT
Lastupdate on : Wed, 7 Dec 2011 00:00:00 IST
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