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Country Club Hospita posts Q3 net loss of Rs 1.56 cr 13/02/2018 19:20

The company reported standalone net loss during the quarter stood at Rs 1.56 crore as compared to net loss of Rs 3.30 crore in the previous year quarter.

Net revenue of the company declined moderately by 12.31 per cent at Rs 62.11 crore in October-December quarter of this fiscal as against Rs 70.83 crore in the corresponding period last year.

During October-December quarter, operating expenses dropped by 15.77 per cent to Rs 48.94 crore from Rs 58.10 crore in year ago period.

Operating Profit surged by 3.46 per cent to Rs 13.17 crore as against Rs 12.73 crore in the year ago period, while Operating Profit Margin (OPM) expanded year-on-year to 17.97 per cent in December quarter.

Interest grew by 0.34 per cent y-o-y to Rs 8.82 crore, while Taxation decreased by 36.61 per cent at Rs 1.42 crore (Dec'16 Rs 2.24 crore).

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