Kamat Hotels (India) swung to profit for the quarter ended December 2009. During the quarter, the company reported profit of Rs6. 95 crore compared with a loss of Rs1.52 crore for the same quarter last year.
Net sales for the quarter for the quarter rose marginally by 4.38% to Rs29.5 crore, while total income for the quarter rose by 26.17% to Rs35.67 crore, when compared with the prior year period.
It reported profit of Rs4.62 a share during the quarter compared with a loss of Rs1.15 a share in prior year period.
Shares of the company gained Rs1 or 1.6%, to trade at Rs63.35.
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