Hotel Leela venture Limited operates the Leela palaces, hotels, and resorts in India. The company manages seven hotels in Bangalore, Gurgaon, Mumbai, New Delhi, Goa, Kovalam, and Udaipur. It also operates spas. The company was founded in 1957 and is headquartered in Mumbai, India
Hotel Leela Venture Ltd. Announces Unaudited Earnings Results for the Second Quarter and Half Year Ended September 30, 2011
Hotel Leela Venture Ltd. announced unaudited earnings results for the second quarter and half year ended September 30, 2011. For the quarter, the company has reported profit from ordinary activities before tax of INR 649 million and net profit of INR 649 million or INR 1.57 per diluted share on net sales of INR 1,279.4 million compared to profit from ordinary activities before tax of INR 47.5 million and net profit of INR 47.5 million or INR 0.12 per diluted share on net sales of INR 1,090.3 million reported in the same period last year. For the quarter, the company reported total income at INR 1,279.4 million as against INR 1,090.3 million for the same period prior year. For the six months, the company has reported profit from ordinary activities before tax of INR 109 million and net profit of INR 914 million or INR 2.22 per diluted share on net sales of INR 2,526.6 million compared to profit from ordinary activities before tax of INR 67.8 million and net profit of INR 44.9 million or INR 0.11 per diluted share on net sales of INR 2,188.4 million reported in the same period last year. The company reported total income at INR 2,526.6 million as against INR 2,188.4 million for the same period prior year.
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