EIH Associated Hotels Q3 net profit up 21.69% at Rs 18.4 cr

EIH Associated Hotels Ltd, which operates Trident hotels, today reported 21.69 per cent increase in net profit at Rs 18.4 crore for its third quarter ended December 31 on account of lower expenses.
It had posted a net profit of Rs 15.12 crore for the same period of previous fiscal.
Net sales of the company grew marginally by 2.36 per cent to Rs 75.84 crore during the October-December quarter as against Rs 74.09 crore in the same period of last financial year.
Overall expenses remained flat at Rs 24.75 crore in the quarter under review as against Rs 24.69 crore in the corresponding period a year ago.

EIH Associated Hotels shares closed 0.64 per cent down at Rs 312.30 apiece on the BSE.