East India Hotels net loss at Rs.9.65 cr
Mumbai, Oct 28 (IANS) East India Hotels (EIH), the flagship company of hospitality major Oberoi group, Wednesday said it made a net loss of Rs.9.65 crore for the quarter ended Sep 30 compared to a profit of Rs.31.31 crore it logged in the like quarter previous fiscal.
Net sales of the company dipped 33.39 percent to Rs.156 crore for the quarter under review from Rs.234.22 crore it made in the corresponding quarter last year.
The company also booked Rs.52.68 crore as other operating income as claims submitted to insurance companies for the damage it incurred in the 2008 terror attacks on the group’s Trident hotel in Mumbai.
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