Sterling Holiday in profit zone, logs Rs 2.36 cr PAT in Q4

Vacation ownership and leisure hospitality company Sterling Holiday Resorts (India) today reported Rs 2.36 crore profit after tax for the last quarter of 2014-15.
The company had reported a loss of Rs 5.78 crore during the same quarter last year, the company said in a release here.
The total operating income rose 24 per cent during the quarter to Rs 50.24 crore compared with Rs 40.58 crore a year ago.
Commenting on the results, Ramesh Ramanathan, Managing Director, Sterling Holidays, said: "With a solid foundation now laid, at Sterling, we are looking to the future with optimism and much excitement."

He added: "We have begun FY16 on a strong, confident note by opening four new resorts at one go at Corbett, Daman, Shirdi and Dindi (on the banks of the river Godavari in Andhra Pradesh). This summer, we are also opening 6 upgraded resorts in our existing network.