EIH Associated Hotels Limited Reports Earnings Results for the Third Quarter and Nine Months Ended December 31, 2021
January 28, 2022 at 06:47 pm IST
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EIH Associated Hotels Limited reported earnings results for the third quarter and nine months ended December 31, 2021. For the third quarter, the company reported sales was INR 766.51 million compared to INR 368.2 million a year ago. Revenue was INR 773.29 million compared to INR 371.09 million a year ago. Net income was INR 159.96 million compared to INR 1.37 million a year ago. Basic earnings per share from continuing operations was INR 5.25 compared to INR 0.04 a year ago. Diluted earnings per share from continuing operations was INR 5.25 compared to INR 0.04 a year ago.
For the nine months, sales was INR 1,345.7 million compared to INR 531.72 million a year ago. Revenue was INR 1,363.41 million compared to INR 557.14 million a year ago. Net income was INR 61.55 million compared to net loss of INR 257.89 million a year ago. Basic earnings per share from continuing operations was INR 2.02 compared to basic loss per share from continuing operations of INR 8.46 a year ago. Diluted earnings per share from continuing operations was INR 2.02 compared to diluted loss per share from continuing operations of INR 8.46 a year ago.
EIH Associated Hotels Limited is an India-based company, which is engaged in the ownership, management and operation of five-star deluxe and five-star hotels. Under the Oberoi Hotels & Resorts brand, it owns and operates two luxury hotels and six five-star facilities under the Trident Hotels brand. The Company's hotels include The Oberoi Cecil, which is located in Shimla, and The Oberoi Rajvilas, which is located in Jaipur. The Company operates Trident Hotels in Agra, Bhubaneswar, Chennai, Cochin, Jaipur and Udaipur. The Oberoi Rajvilas hotel spans 32 acres of lush gardens, pools and fountains in the quaint Rajasthani countryside. The Trident, Agra's has approximately 135 rooms and two suites. The Trident, Chennai, has approximately 157 rooms and 10 suites. The Trident, Cochin has approximately 77 rooms and eight suites. The Trident, Bhubaneswar has approximately 57 deluxe rooms and five suites.