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East India Hotels’ net profit dips 51% in Q3

East India Hotels’ net profit dips 51% in Q3
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First Published: Thu, Feb 01 2007. 12 00 AM IST
Updated: Wed, Jan 31 2007. 11 35 PM IST
NEW DELHI: East India Hotels Ltd has said its net profit for the quarter ended December 2006 fell about 51% from a year ago. The net profit for the period was Rs62.01 crore, compared with Rs126.39 crore a year ago. Sales rose 23.3% to Rs278.15 crore.
“The company has been able to contain its expenses pretty well, and there has been a good increase in the operating margin. From that perspective, the results are pretty good,” said hotel industry analyst Pratik Dalal. A spokesperson for the Oberoi Group declined to comment on the factors behind the profit and revenue figures released.
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First Published: Thu, Feb 01 2007. 12 00 AM IST
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