EIH Ltd. Announces Unaudited Standalone Financial Results for the Third Quarter and Nine Months Ended December 31, 2015
January 30, 2016 at 07:13 am EST
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EIH Ltd. announced unaudited standalone financial results for the third quarter and nine months ended December 31, 2015. For the quarter, the company reported profit from operations before other income, finance costs & exceptional items of INR 7.230 million against INR 7.432 million for the same period of last year. Profit from ordinary activities before tax was INR 7.185 million against INR 6.618 million for the same period of last year. Net profit for the period was INR 4.736 million or INR 0.83 per basic and diluted share against INR 4.362 million or INR 0.76 per basic and diluted share for the same period of last year. Net sales/income from operations was INR 40.010 million against INR 37.820 million for the same period of last year.
For the nine months, the company reported profit from operations before other income, finance costs & exceptional items of INR 9.209 million against INR 7.989 million for the same period of last year. Profit from ordinary activities before tax was INR 10.790 million against INR 7.401 million for the same period of last year. Net profit for the period was INR 7.808 million or INR 1.37 per basic and diluted share against INR 4.872 million or INR 0.85 per basic and diluted share for the same period of last year. Net sales/income from operations was INR 99.755 million against INR 94.693 million for the same period of last year.
EIH Limited is an India-based luxury hospitality company. The Company is primarily engaged in owning and managing luxury hotels and cruisers under the luxury Oberoi and Trident brands. The Company is also engaged in flight catering, airport restaurants, project management and corporate air charters. The Company's hotel services include accommodation, food and beverage and other services provided by hotel, inns, resorts, holiday homes, restaurants and caterers, among others. Its other services include shop licensing, management and marketing, laundry, spa, guest transfers, membership, loyalty program and other allied services. The Company owns and operates hotels, which include The Oberoi, Mumbai; The Oberoi Udaivilas, Udaipur; The Oberoi, New Delhi; The Oberoi Vanyavilas, Ranthambhore; The Oberoi, Bengaluru; Trident, Nariman Point, Mumbai; The Oberoi Grand, Kolkata, and Trident, Bandra Kurla, Mumbai. It owns and manages Maidens Hotel in New Delhi. Its Oberoi One is a loyalty program.
EIH LIMITED 
