Hotel Leela posts 67% dip in Q1 net loss

Hotel Leelaventure, the company which owns and operates luxury hotels under brand The Leela, today posted a 67% dip in net loss of the quarter ended June 30 on account of dip in finance costs.

The Mumbai-based company reported net loss of Rs 58 crore for the reporting quarter as against net loss of Rs 175 crore posted in the same quarter last year.

Net sales grew by 4.5% to Rs 162 crore for the reporting quarter as against 155 crore posted in the same quarter last year.