(MENAFN) On Monday, the Indian Hotels Co Ltd. published a 31% fall in their fourth quarter net profits, reported Reuters.
The company is part of the large and diverse Tata conglomerate. Indian Hotels both owns and manages the Taj hotels across the globe.
Indian Hotels earned USD11.7 million in the January-March quarter, a huge loss from the USD16.89 million they earned last year.
Net sales, on the other hand, rose by 6% to USD100.7 million.
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