EIH Ltd reports Rs 9.48 cr net profit in Q1

Kolkata, Aug 1 (IANS) Hospitality major EIH Ltd on Tuesday reported a net profit of Rs 9.48 crore in the quarter ended June 30, compared with a net loss of Rs 12.96 crore in the corresponding period last year.

Its total revenue during the quarter under review was Rs 303.26 crore, up by 8.66 per cent from Rs 279.09 crore in the corresponding period last year.

The Oberoi, New Delhi, was scheduled to open in early April 2018, after complete renovation and the progress on site has been “very satisfactory”, it said.

“The hotel is now likely to open in January, 2018,” it said in a regulatory filing.

–IANS

bdc/tsb/vd

Related Posts

Leave a Reply