India Tourism Development Corporation (ITDC) Chairperson and Managing Director (CMD) Ravneet Kaur presented the dividend cheque amounting to Rs.9.93 crores on behalf of ITDC to Union Tourism Minister K J Alphons for the financial year 2016-17. The amount has been paid to the Government of India being the largest shareholder having 87.03 per cent of the paid up capital of the Company.
For the financial year 2016-17, ITDC posted a robust performance where total turnover stood at Rs 495.14 cr as compared to Rs. 465.69 cr in last financial year clocking a growth of 6.32%. Revenue from operations stood at Rs. 473.15 cr as compared to Rs. 437.13 cr in the last fiscal. Corporation posted profit before tax (PBT) of Rs.17.52 cr and profit after tax (PAT) of Rs.12.05 cr in 2016-17 against Rs. 32.42 cr and Rs. 22.55 cr respectively in the previous year.
