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Article: Terror attack takes toll on Indian Hotel's Q3 figures.
- Article from:
- PTI - The Press Trust of India Ltd.
- Article date:
- January 29, 2009
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Terror attack takes toll on Indian Hotel's Q3 figures
Mumbai, Jan 29 (PTI) The terrorist attack on Taj Mahal Hotel, the flagship property of the Tata-owned Indian Hotel Company, has adversely affected the company's performance during the third quarter.
The company said today its profit after tax declined by 38 per cent at Rs 83.9 crore for the October to December quarter, compared with the corresponding period last year.
The turnover of the company, which runs a chain of five star hotels in the country, was lower by 12 per cent at Rs 456 crore for the quarter. Taj Mahal Hotel in Mumbai is the largest contributor to the company's turnover and ...