New Delhi, Aug 5 (PTI) EIH Associated Hotels Ltd on Monday reported a 50.6 per cent decline in profit after tax to Rs 3.58 crore for the first quarter ended June 30, impacted by lower revenue and higher expenses.

The company had posted a profit after tax (PAT) of Rs 7.25 crore in the same quarter last fiscal, EIH Associated Hotels said in a regulatory filing.

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Revenue from operations in the quarter under review stood at Rs 64.48 crore against Rs 66.86 crore in the year-ago period, it added.

The total expenses in the first quarter were higher at Rs 64.15 crore compared to Rs 60.54 crore a year ago.

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(The above story is verified and authored by Press Trust of India (PTI) staff. PTI, India’s premier news agency, employs more than 400 journalists and 500 stringers to cover almost every district and small town in India.. The views appearing in the above post do not reflect the opinions of LatestLY)