Hotel Leela Q1 net loss at Rs 148 cr


DELHI

Hotel Leelaventure reported a widening of net loss at Rs 148.55 crore for the first quarter ended June 30, 2013, on account of finance costs and rise in expenses.

The company had posted a net loss of Rs 101.88 crore for the corresponding period previous fiscal, Hotel Leelaventure said in a filing to BSE.

Total income of the company, however, rose to Rs 150.88 crore for the quarter under consideration from Rs 137.16 crore for the same period a year ago, it added.

The finance costs for the quarter under consideration rose to Rs 121.49 crore as against Rs 89.07 crore for the same period last year, Hotel Leelaventure said.

Full report here Business Standard

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