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EIH logs Q1 net loss at Rs 12.24 cr

The company had posted a net profit of Rs 21.15 crore for the corresponding period of the previous fiscal, EIH Ltd said in a filing to BSE.

August 03, 2016 / 09:32 IST
     
     
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    Hospitality major EIH, which runs hotels and resorts under Oberoi and Trident brands, today reported a standalone net loss of Rs 12.24 crore for the June quarter.

    The company had posted a net profit of Rs 21.15 crore for the corresponding period of the previous fiscal, EIH Ltd said in a filing to BSE.

    Standalone total income from operations of the company also declined to Rs 276.17 crore for the quarter under consideration as against Rs 301.04 crore for the same period year ago.

    "The exceptional items for the the three months ended June 30, 2016 represents write off of assets arising out of renovation of the Oberoi, New Delhi", EIH said.

    The exceptional items for the three months ended June 30, 2015 represents profit on sale of property at Darjeeling, West Bengal, it added.

    first published: Aug 3, 2016 09:16 am

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