Sterling Holiday June qtr net profit at Rs 62.44 lakh
Sterling Holiday Resorts (India) today reported net profit of Rs 62.44 lakh for the quarter ended June 30 on account of increase in resort occupancy.
By PTI |
MUMBAI: Vacation and leisure hospitality company Sterling Holiday Resorts (India) today reported net profit of Rs 62.44 lakh for the quarter ended June 30 on account of increase in resort occupancy.
The company had reported a net loss of Rs 90.40 lakh in the corresponding quarter of FY13.
"We have been working towards financial turnaround. I am pleased that the investments made in the last few years to substantially raise the standards of our resorts and holiday experience have begun to yield results.
"We continue to make investments to strengthen the company's market position," Sterling Holidays Chairman Siddharth Mehta said.
The total income from operation for the quarter under review grew by 25 per cent to Rs 36.09 crore from Rs 30.20 crore in the same period last year, a company release said here.
The company had reported a net loss of Rs 90.40 lakh in the corresponding quarter of FY13.
"We have been working towards financial turnaround. I am pleased that the investments made in the last few years to substantially raise the standards of our resorts and holiday experience have begun to yield results.
"We continue to make investments to strengthen the company's market position," Sterling Holidays Chairman Siddharth Mehta said.
The total income from operation for the quarter under review grew by 25 per cent to Rs 36.09 crore from Rs 30.20 crore in the same period last year, a company release said here.
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