Latest News | Oriental Hotels Q2 Net Loss Narrows to Rs 4.83 Cr
Get latest articles and stories on Latest News at LatestLY. Oriental Hotels Ltd, an associate company of The Indian Hotels Company Ltd, on Tuesday reported a consolidated net loss of Rs 4.83 crore for the second quarter ended September 30, 2021.
New Delhi, Oct 19 (PTI) Oriental Hotels Ltd, an associate company of The Indian Hotels Company Ltd, on Tuesday reported a consolidated net loss of Rs 4.83 crore for the second quarter ended September 30, 2021.
The company had reported a net loss of Rs 17.88 crore in the July-September period of the previous financial year.
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Its revenue from operations stood at Rs 52.34 crore for the period under review as compared to Rs 15.8 crore in the year-ago period, Oriental Hotels said in a regulatory filing.
The company's board at its meeting on Tuesday re-appointed Pramod Ranjan as managing director and CEO for a further term of three years with effect from November 11, 2021, based on the recommendation of the nomination and remuneration committee.
Oriental Hotels has seven hotels, including Taj Coromandel, Chennai; Taj Fisherman's Cove Resort and Spa, Chennai; and Taj Malabar Resort and Spa, Kochi.
(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)