Leela Venture net up 19% at Rs150 crore

Leela Venture net up 19% at Rs150 crore
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First Published: Thu, Jun 19 2008. 12 13 PM IST
Updated: Thu, Jun 19 2008. 12 13 PM IST
PTI
Panaji: Hotel Leela Venture Ltd has posted a net profit of Rs149.98 crore for the year ended 31 March 2008.
“This (the profit figure) indicates a growth of 19% over the previous years’ Profit after tax of Rs126.24 crore,” said Hotel Leela Venture Ltd vice-chairman and managing director Vivek Nair.
The company has reported an income from operations of Rs514.55 crore as against Rs415.56 crore during the previous year, reflecting a growth of 24% for 2008.
The EBIDTA for the financial year stood at Rs230.95 crore, up 21% over last year, he added.
Nair said that due to continued buoyancy, especially in Bangalore and Mumbai, the hotels had performed strongly and as per current trends, are poised to continue with the growth in the current year despite the slowdown in the US and Europe.
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First Published: Thu, Jun 19 2008. 12 13 PM IST