 "PRS Oberoi, Executive Chairman, EIH Limited with Executive Vice Chairman S S Mukherji (L) during 66th AGM of the company in Kolkata")
EIH, which owns the Oberoi chain of hotels, has attributed its drop in revenue and profit in the first quarter of the current year to a general slowing of business activity, decline in air travel and reduction in the airline catering business.
The quarter resulted in a loss before tax of Rs 11.25 crore, compared to a profit of Rs 16 crore in the same period a year before. Loss after tax was Rs 7 crore, as against a profit in the comparative period of Rs 10.2 crore. Operating earnings were Rs 34.9 crore, down from Rs 56.8 crore; total revenue
